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Developing a Pricing Signal V3.0
Abstract:

This use case shows how price signals are calculated and sent to the Customers and their devices.

Within the real-time pricing system, a pricing signal is produced every 5 minutes and communicated to the customer and customer’s demand response devices for appropriate consumption behavior. As can be seen in the real-time pricing diagram, the computation of the 5 minutes pricing signal is the function of the Smart Grid Dispatch. This Use Case describes how the Utility will produce a 5 minutes pricing signal and how it is communicated through the real-time pricing system.

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