Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

Date Published
06/2012
Publication Type
Report
Authors
LBL Report Number
LBNL-5557E
Abstract

In New York State, the default electricity pricing for large customers is Mandatory Hourly Pricing (MHP), which is charged based on zonal day-ahead market price for energy. With MHP, retail customers can adjust their building load to an economically optimal level according to hourly electricity prices. Yet, many customers seek alternative pricing options such as fixed rates through retail access for their electricity supply. Open Automated Demand Response (OpenADR) is an XML (eXtensible Markup Language) based information exchange model that communicates price and reliability information. It allows customers to evaluate hourly prices and provide demand response in an automated fashion to minimize electricity costs. This document shows how OpenADR can support MHP and facilitate price responsive demand for large commercial customers in New York City.

Year of Publication
2012
Institution
LBNL/NYSERDA
Organizations
Research Areas
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