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Evaluation of Increased Discretization of Real-Time Locational Marginal Prices on Customer-Optimized Distributed Generation

[+] Author Affiliations
Ray C. Duthu, Thomas H. Bradley

Colorado State University, Fort Collins, CO

Paper No. ES2014-6617, pp. V002T03A007; 5 pages
doi:10.1115/ES2014-6617
From:
  • ASME 2014 8th International Conference on Energy Sustainability collocated with the ASME 2014 12th International Conference on Fuel Cell Science, Engineering and Technology
  • Volume 2: Economic, Environmental, and Policy Aspects of Alternate Energy; Fuels and Infrastructure, Biofuels and Energy Storage; High Performance Buildings; Solar Buildings, Including Solar Climate Control/Heating/Cooling; Sustainable Cities and Communities, Including Transportation; Thermofluid Analysis of Energy Systems, Including Exergy and Thermoeconomics
  • Boston, Massachusetts, USA, June 30–July 2, 2014
  • Conference Sponsors: Advanced Energy Systems Division
  • ISBN: 978-0-7918-4587-5
  • Copyright © 2014 by ASME

abstract

This article presents an economic model for customer-owned and operated distributed generation facilities operated according to net metered, real-time pricing (RTP). Previous research has demonstrated that within traditional billing and rate structures customer-optimized distributed generation facilities create quantifiable losses for distribution and generation and transmission utilities. Using historical real-time pricing data available on the New England ISO website, a customer-optimized dispatch of distributed generation is constructed so that total consumer costs are minimized. The relative difference of consumer behavior is compared between RTPs with hour-long and a five minute long periods. The results are presented across a range of DG prices, and the utilization and value of the DG resource in this case study is also quantified.

Copyright © 2014 by ASME

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