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Real-Time Pricing- A Flexible Alternative for Electrical Power Supply
Abstract
In an increasingly competitive operating
environment, utilities must place greater emphasis
on developing programs that benefit the customer
while at the same time benefiting the utility.
Economy Surplus Power (ESP) is such a program.
ESP offers industrial customers attractively priced
power supply arrangements based on incremental production
costs. Industrial customers receive hourly
price quotes for electrical power through a direct
computer link between TVA and the customer. The
customer has the option to increase or decrease the
amount of power requested in response to price
signals, plant load conditions, or production
requirements.
This paper will describe the arrangements for
the sale and use of ESP, including the communication
system, pricing variations, use of curtailment
rights, the types of customers currently participating
in the program, and recent modifications.
Subject
Economy Surplus Power (ESP)Collections
Citation
Reynolds, S. D.; Frye, A. O. Jr. (1991). Real-Time Pricing- A Flexible Alternative for Electrical Power Supply. Energy Systems Laboratory (http://esl.eslwin.tamu.edu). Available electronically from https : / /hdl .handle .net /1969 .1 /92238.