Abstract
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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.