A Smart Grid communications network lets utilities move from a monthly billing cycle to dynamic pricing and Time-of-Use billing models. With the ability to automatically read meters at scheduled intervals, utilities can provide time-and-demand-based pricing, including:
- Time-of-Use (TOU) pricing. Pricing tiers (i.e. off-peak, peak) are established to correspond to specific time intervals. Utilities can share these rates with consumers, providing financial incentives to shift demand to off-peak hours and reduce overall consumption.
- Critical Peak Pricing (CPP). Utilities can communicate pricing changes to consumers at spikes in peak demand, providing immediate financial incentives to shift energy demand.
- Real-Time Pricing (RTP). Utilities can change energy prices based on fluctuations in the cost of generation, and also signal consumers (and consumer devices) to integrate demand-side applications to participate in load-shifting decisions.
Using Trilliant’s Consumer Engagement Management System, utility operators have the flexibility to create price signals tailored to their needs.
- Curtailment tasks allow explicit control of device state (e.g. thermostat setpoint) or device control algorithms (e.g. load control duty cycle). Curtailment tasks can be used with Direct Load Control programs, intermittent load programs, curtailment programs, emergency Demand Response events, and other dynamic pricing programs.
- TOU and CPP are dynamic pricing structures. Each tier of these structures can have a specific default device state for thermostats (e.g. thermostat setpoint) and load controllers (e.g. on/off).
To discuss your utility’s needs, please contact us.
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