Estia: A real-time consumer control scheme for space conditioning usage under spot electricity pricing

Under spot electricity pricing the price of electricity represents actual demand and supply equilibrium conditions and consumers respond to price variations so as to achieve the best cost-service tradeoff over a given time period. Using a decision modelling approach developed for prescribing consumer response to a varying electricity price, the case of space conditioning usage is analyzed in detail and a real-time control scheme is proposed. Important classes of consumers, such as hospitals, commercial buildings and dwellings, are modelled and simulations are performed. It is found that significant † Deceased, July 1988.