Critical peak pricing demand response participant assessment

US10181165B2 · kind B2 · utility

Assignee

• FUJITSU LIMITED · JP

Inventors

• Wei-Peng Chen · Fremont, US
• Dawei He · Cupertino, US

Key dates

• Filing date: Feb 12, 2016
• Grant date: Jan 15, 2019
• Expiry date: Aug 30, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0206
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of critical peak pricing (CPP) demand response (DR) event implementation includes performing an initial CPP participant selection assessment. The method includes generating an initial CPP participant selection and an estimated CPP curtailment based on the initial CPP participant selection assessment. The method includes calculating a reduced day-ahead demand. The method includes evaluating the reduced day-ahead demand. The method includes submitting an energy bid to a market server. The method includes forecasting a revised real time price. The method includes performing a final CPP participation selection assessment. The method may include generating a final CPP participant selection to include the CPP participants having accumulated individual participant revenue effects up to the reduced day-ahead demand. The method includes communicating CPP event notifications to each of the CPP participants in the final CPP participant selection.