Abstract

Real Time Pricing (RTP) brings information concerning the time-varying costs of electricity generation, transmission, and distribution to the consumer. There are, at the present time, a number of experimental rates and implemented RTP rates in the United States and elsewhere. The paper which follows presents the results of an experiment1 designed to test the economic advantage of RTP used to schedule Electric Thermal Storage (ETS) systems in the NYSEG service territory during the winter of 1989–90. A complementary experiment is being conducted with ETS (cool storage) on the Consolidated Edison of New York system with actual RTP based control during 1992.2 These experiments represent the first full test of all but the billing component of RTP. While others have provided RTP information, none have developed, implemented, and evaluated RTP based customer response algorithms.

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