Transactive Incentive Signals to Manage Energy Consumption

This project proposed a transactive incentive signal to manage energy consumption (TIME) system design that combines real-time system information with load forecasts and distributed generation production. The TIME system calculates and communicates an economic incentive, or price signal, for distributed energy resources that reflects electric system needs. The study developed and put into operation the TIME system in California’s wholesale and retail demand response markets. The project team also identified research recommendations and opportunities to move California’s demand and grid flexibility vision forward.

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