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Real-Time Pricing and Demand Response

June 30, 2011

U.S. Department of Energy, Pacific Northwest National Laboratory

Rob Pratt


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.

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