Enabling customer demand and budget management in the real-time pricing environment

Supun Tiptipakorn, Wei Jen Lee, Li Wang

Research output: Contribution to conferencePaper

Abstract

Tiaditionally, most end-use residential consumers receive flat rate monthly electricity bills based on load profiling rate calculations. Those flat rates do not relate and reflect the true and time-varying costs of electricity supply during actual time of consumptions. Without acknowledging the cost differences, consumers do not have any incentive to adjust their load consumption patterns, and inefficiencies of resource allocations can result. Crises and markets failures are often originated from these wholesale and retail market disconnections. Our previously proposed load control strategies (Steps of Temperatures and Pricing Naming) are implemented and integrated to our prototype. The system can serve as a tool to assist end-use residential consumers for their load and budget managements in real-time pricing environments, like Illinois (where 4.5 million consumers can participate in such program). Other features can further add-on to enhance the proposed system (e.g., home security and surveillance system).

Original languageEnglish
DOIs
Publication statusPublished - 2009 Dec 1
Event2009 IEEE Industrial and Commercial Power Systems Technical Conference, I and CPS 2009 - Calgary, AB, United States
Duration: 2009 May 32009 May 7

Other

Other2009 IEEE Industrial and Commercial Power Systems Technical Conference, I and CPS 2009
CountryUnited States
CityCalgary, AB
Period09-05-0309-05-07

All Science Journal Classification (ASJC) codes

  • Engineering(all)

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    Tiptipakorn, S., Lee, W. J., & Wang, L. (2009). Enabling customer demand and budget management in the real-time pricing environment. Paper presented at 2009 IEEE Industrial and Commercial Power Systems Technical Conference, I and CPS 2009, Calgary, AB, United States. https://doi.org/10.1109/ICPS.2009.5463965