Abstract
With the onset of deregulation of electrical utilities it is interesting to speculate on what the future will bring and how it will effect existing and potential new thermal energy storage projects. Let us be realisatic, there is no reason to implement TES if there is not a rate structure that allows us to reduce energy cost. TES systems save money by reducing demand cost and utilizing lower energy charges during off peak periods. Certain electric utility companies in anticipation of what may be coming have developed an experimental rate structure that charges energy in relation to what it actually costs the utility on an hourly basis. Many factors influence the cost of electricity during the day so that the cost per kWh can vary considerably on an hourly basis.
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