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- Publication Date: July 2011
- Publishing Organization: U.S. Department of Energy, Pacific Northwest National Laboratory
- Format: PDF
demand response, double-auction retail market, dr, dynamic pricing, ieee pes gm 2011, presentation, real-time pricing, rtp, smart grid
The presentation was made at IEEE PES 2011 General Meeting Super Sessions in July, 2011, and outlines: 1) Why dynamic pricing? 2) Key characteristics of Demand Response programs; 3) Fundamental nature of Demand Response; 4) Advantages of real-time pricing; 5) Extending RTP with a double-auction retail market; 6) Results from a field experiment; 7) Challenges in designing RTP rates; 8) Implications for smart grid communications architecture; 9) Extending RTP to engage demand for ancillary services.