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DEMAND SHAPING IN AN ELECTRICAL POWER GRID USING DAY AHEAD MARKET AND REAL TIME MARKET PRICES

  • US 20160020608A1
  • Filed: 03/05/2014
  • Published: 01/21/2016
  • Est. Priority Date: 03/07/2013
  • Status: Active Grant
First Claim
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1. A method for controlling the flow of energy in an electrical power grid, comprising:

  • a. shedding an optimal amount of energy demand for a user of the grid based on a set of possible values for actual energy procurement costs in the real-time market (RTM) and on a set of possible values for an actual non-moveable energy demand of the user;

    b. shifting an optimal amount of energy demand for the user to a time when cheaper energy procurement costs may be obtained, said shifting based on a set of possible values for actual energy procurement costs in the real-time market (RTM) and on a set of possible values for actual non-moveable energy demand of the user; and

    c. repeating the shedding and shifting steps until a convergence of respective total energy procurement costs of shedding and shifting is achieved.

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