Taking advantage of real-time pricing

Journal Article · Mon Sep 01 04:00:00 EDT 1997 · IEEE Power Engineering Review

DOI:https://doi.org/10.1109/MPER.1997.612261· OSTI ID:538132

Hoffman, S; Renner, R; Drenker, S; Carmicheal, L; Flood, J

Linking RTP with automatic energy management and control systems can create win-win scenarios for utilities and their commercial/industrial customers. Widely offered by utilities in the United States and abroad, real-time pricing (RTP) is a proven method of reducing energy costs for a broad range of commercial and industrial customers. Utilities in turn benefit directly by retaining key customers. Now EPRI is leading efforts to make RTP even more attractive to power suppliers and consumers alike. Linking automated energy management systems in customers` commercial buildings and industrial facilities to hourly price signals from the utility can be beneficial to both parties, as shown in several recent EPRI-sponsored demonstrations. With industry deregulation, as new entities like energy service companies change the way electricity is offered to customers, RTP is likely to become part of the vocabulary of more power providers, service providers, regulators, and end users.

• Sponsoring Organization: USDOE
• OSTI ID: 538132
• Journal Information: IEEE Power Engineering Review, Journal Name: IEEE Power Engineering Review Journal Issue: 9 Vol. 17; ISSN 0272-1724; ISSN IPERDV
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
COMMERCIAL BUILDINGS
ENERGY MANAGEMENT SYSTEMS
HOURLY VARIATIONS
INDUSTRIAL PLANTS
INTERCONNECTED POWER SYSTEMS
LOAD MANAGEMENT
POWER TRANSMISSION
TIME-OF-USE PRICING
U CODES