Substation Technologies
Protection of Electrical Power Transformers
Understanding the IEC 61850 Protocol in Substation Automation
Substation Technologies
New data suggests real-time pricing can help customers save money
Most utility customers now pay an average price for electricity that changes little (if at all) over the course of the year. Average, flat-rate, real-time pricing is akin to a form of insurance, where a premium is paid to hedge against market volatility and price spikes. Yet this approach misses the system-wide benefits of dynamic electricity pricing, in which customers pay for power through time variant rates.
Until recently, quantifying the cost of this trade-off...
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