With customers resond to
fluctuating prices In real time to encourage the demand side response may reduce the need for investment in
grid reinforcement and infrastructure.
pilot
rojects are underway by a sample group of households which are installed a
smart addition to their electricity meters that collects, analyses and
redistributes usage data minute-by-minute. At the same time, the system
displays the cost of the electricity, allowing consumers to control their
consumption in response to changing prices and target spend thresholds that
they have set themselves.
cloud-based
information management service, provided by energy management system which willreceive,
store, and process consumption data and then present it to customers via
browser, tablet or smart phone. It also alerts customers via email or sms when
they are approaching their target spend, allowing them to change their
behaviour accordingly.
The
goal is to see how customers react to energy prices in real time and how they
relate to the spend targets that they have set for themselves
Aim
of pilot is to create tariffs that contribute to more consistent electricity
consumption. Customers will be encouraged to save money by using less
electricity during peak periods in the morning and afternoon, which will in
turn reduce the load on the grid.
“There
is a lot of interest in dynamic pricing and the contribution it can make to
demand side response solutions. achieving both simplification and time-of-use
tarrifs so that all stakeholders share the benefits.
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