Dynamic day-ahead water pricing based on smart metering and demand prediction

M. Vašak, G. Banjac, M. Baotić and J. Matuško

in Conference on Water Distribution System Analysis, Bari, Italy, July 2014.
BibTeX  URL 

@inproceedings{VBBetal:2014,
  author = {M. Va\v{s}ak and G. Banjac and M. Baoti{\'c} and J. Matu\v{s}ko},
  title = {Dynamic day-ahead water pricing based on smart metering and demand prediction},
  booktitle = {Conference on Water Distribution System Analysis},
  year = {2014},
  url = {http://dx.doi.org/10.1016/j.proeng.2014.11.221},
  doi = {10.1016/j.proeng.2014.11.221}
}

Ever growing water needs cause the rising of peak demand which influences the sourcing and effluent costs and causes an increased outwear of the water distribution system components. To get closer to the ideal flat-demand case, it is necessary to make consumers use water more rationally and/or shift water uses from high-loading instants. In the case that consumers are equipped with smart meters it is technically possible to apply dynamic water pricing which is determined through an optimization of cumulative costs for the water use profile. These costs are covered by water distribution revenues in a full cost recovery principle.