LOAD FORECASTING FROM INDIVIDUAL CUSTOMER TO SYSTEM LEVEL BASED ON PRICE

The present invention relates to system and method for providing near real-time DR events and price signals to the customer end-points to optimally manage the available DR resources. The system utilizes bottom up load forecasting for accurate individualized forecasts for customer loads in the presen...

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Bibliographic Details
Main Authors SCHWARZ HENRY, BHAT VIJAY SRIKRISHNA, NARAYAN AMIT, LOCKLIN SCOTT CHRISTOPHER
Format Patent
LanguageEnglish
Published 12.02.2015
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:The present invention relates to system and method for providing near real-time DR events and price signals to the customer end-points to optimally manage the available DR resources. The system utilizes bottom up load forecasting for accurate individualized forecasts for customer loads in the presence of dynamic pricing signals. For better efficiency and reliability of grid operation the system utilizes advanced machine learning and robust optimization techniques for real-time and "personalized" DR-offer dispatch.
Bibliography:Application Number: US201214345235