Transcript Real-Time Electricity Pricing Overview.pptx

Sean Edward Paquette
Rensselaer Polytechnic Institute – Hartford, CT
MANE – 6960 (Mathematical Modeling of Energy and Environmental)
Professor Ernesto Gutierrez-Miravete, Ph.D.
Spring 2013
Introduction
 Model – Monte Carlo Analysis of Real-time electricity
pricing for Connecticut Industrial Loads
 Identify potential industrial electricity cost savings
 Using RTP tariffs and fixed electricity rates
 Used real-time LMP for Connecticut
 January 1, 2013 – January 7, 2013
 Fixed rate CL & P rate 57
Model
 Ability to structure model for a number of different
scenarios to indentify and maximize economic
potential for the given customer
 Electricity loads
 Geographical locations
 Fixed rate prices
Benefit Index
 B = Zero (No benefits)
 B = Negative (Electricity costs under a RTP tariff are
larger than the fixed rate, therefore this is not cost
effective)
 B = Positive (Electricity costs under a RTP tariff are less
than the fixed rate, therefore customer receives a cost
savings)