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Real-Time Pricing (RTP) - Top Level
Abstract:

The purpose of the Real-Time Pricing Enterprise Activity is to implement and manage a full scale distributed computing system that integrates key industry operations and permits customers to plan and modify their load and generation in response to price signals in “real time” (operational timeframe which can range from seconds to days ahead), received from an Energy Services Provider who acts as an intermediary to the Market Operations. Customers can also provide their forecasted loads and generation into the Market Operations (possibly through the Energy Services Provider (ESP) as an aggregator) as energy schedules and ancillary bids/offers. For operators of the power distribution system, Real-Time Pricing provides a mechanism for potentially significant changes in aggregated load based on sharing cost drivers with the customer in an elective supervisory control scheme.

Year Published:
2010
Source:
EPRI Use Case Repository
Use Case Library:
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