A microprocessor-based system for the implementation of variable spot pricing of electricity

A hardware and software system for variable spot pricing (VSP) that is in service in 550 homes is discussed. Its basic functions and implementation strategies are examined. The system manager, a wide-area communication network for timely and reliable communications between the system manager and the...

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Published in:IEEE computer applications in power Vol. 3; no. 4; pp. 43 - 48
Main Authors: Adamiak, M.G., Roberts, D.C., Ketz, S.D.
Format: Journal Article
Language:English
Published: United States IEEE 01.10.1990
Subjects:
ISSN:0895-0156, 1558-4151
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Abstract A hardware and software system for variable spot pricing (VSP) that is in service in 550 homes is discussed. Its basic functions and implementation strategies are examined. The system manager, a wide-area communication network for timely and reliable communications between the system manager and the customer equipment, and customer premises equipment are described. Future directions for this technology are identified, including both technical advances required and additional applications for such a system.< >
AbstractList Production costs of electricity vary according to both long-term and short-term factors. Some long-term factors include seasonal loading and scheduled equipment outages. Short-term factors include extreme climatic conditions and forced equipment outages. In other words, electricity, as a commodity, is very much the subject to the economic concepts of supply and demand. A more desirable pricing scheme for electricity would allow for a variable sale price dependent upon the spot price of power at any instant in time. This type of pricing scheme has been given the name variable spot pricing (VSP). The VSP tariff allows the price of electricity to reflect variable production costs. Consumers may elect to modify their use of electricity during peak conditions, thereby reducing peak demand and minimizing their cost of electricity. This paper presents a microprocessor based system for the implementation of VSP of electricity.
A hardware and software system for variable spot pricing (VSP) that is in service in 550 homes is discussed. Its basic functions and implementation strategies are examined. The system manager, a wide-area communication network for timely and reliable communications between the system manager and the customer equipment, and customer premises equipment are described. Future directions for this technology are identified, including both technical advances required and additional applications for such a system.< >
Author Adamiak, M.G.
Roberts, D.C.
Ketz, S.D.
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  organization: American Electr. Power Service Corp., Columbus, OH, USA
BackLink https://www.osti.gov/biblio/6489899$$D View this record in Osti.gov
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Snippet A hardware and software system for variable spot pricing (VSP) that is in service in 550 homes is discussed. Its basic functions and implementation strategies...
Production costs of electricity vary according to both long-term and short-term factors. Some long-term factors include seasonal loading and scheduled...
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SubjectTerms 240700 - Power Transmission & Distribution- Economic, Industrial & Business Aspects- (1990-)
296000 - Energy Planning & Policy- Electric Power
320603 - Energy Conservation, Consumption, & Utilization- Municipalities & Community Systems- Public Utilities- (1980-)
990200 - Mathematics & Computers
COMPUTER CODES
COMPUTERIZED CONTROL SYSTEMS
COMPUTERS
CONTROL SYSTEMS
COST
Costs
ECONOMIC ANALYSIS
ECONOMICS
Elasticity
ELECTRIC POWER
ELECTRIC UTILITIES
ELECTRONIC CIRCUITS
ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
Energy consumption
ENERGY PLANNING, POLICY AND ECONOMY
ENERGY SYSTEMS
GENERAL AND MISCELLANEOUS//MATHEMATICS, COMPUTING, AND INFORMATION SCIENCE
LOAD MANAGEMENT
MANAGEMENT
Marketing and sales
MICROELECTRONIC CIRCUITS
MICROPROCESSORS
OUTAGES
POWER
Power generation economics
POWER SYSTEMS
POWER TRANSMISSION
POWER TRANSMISSION AND DISTRIBUTION
Pricing
Production
PUBLIC UTILITIES
Scheduling
SEASONAL VARIATIONS
SUPPLY AND DEMAND
Testing
VARIATIONS
Title A microprocessor-based system for the implementation of variable spot pricing of electricity
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https://www.osti.gov/biblio/6489899
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