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AEP Performing Real Time Price Auction
Abstract:

This use case addresses the process of computing the Real Time Price (RTP) signals for the Smart Grid Dispatch.
Studies indicate that customers who understand the cost of electricity reduce their usage, especially when prices are high. The RTP system (real-time pricing system) will produce price signals every 5 minutes and will communicate this via the internet to every RTP customer and to the HEM at the customer premise. In order to produce this price signal, the Smart Grid Dispatch system (SGD) will take its inputs from many existing systems, including the Home Energy Management (HEM)s

Year Published:
2012
Source:
EPRI Use Case Repository
Use Case Library:
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