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What Makes a Smart Grid Smart?. Speaker: Michael Munson. Company: Metropolitan Energy. The Chicago Commercial O ffice B uilding P erspective. BOMA/Chicago Overview. 260+ Buildings Private, Institutional, Government/Public 170+ Affiliate Member Companies - PowerPoint PPT Presentation
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The Chicago Commercial Office Building Perspective
Speaker: Michael MunsonCompany: Metropolitan Energy
260+ Buildings Private,
Institutional, Government/Public
170+ Affiliate Member Companies
125 Million Sq. Ft. of Office Space
~5% of ComEd’s Load
Ease of Information Access and Use Measure & Verify Improvements & Efficiency Better Investment Decisions Proof of DR Participation in Marketplace New Technologies, Infrastructure Monetize, Automate, Optimize, Innovate Continuously Develop & Prove Business
Case
Source: Forecasted Reserve Margin PJM RTO
(as of June 8, 2009)
Information, Information, Information Real-Time Data Access (real, real-time) Customer Usage and Market Information Market Transparency Control and Flexibility Incentives Market Requirements & Design Replicability – for Building Portfolios
Small changes in demand can result
In large changes to price.
PricePrice
QuantityQuantity
ΔΔQQ
QQ11 QQ22
SupplySupply
PP11
PP22
ΔΔPP
DD11
DD22
PJM prices can vary based on market forces,
going from about $210 to $35 below $0 in a very short time.
$10
$30
$50
$70
$90
$110
$130
$150
$170
$190
$210
-$10
-$30
8:30 PMJune 16
9:00 PMJune 16
9:30 PMJune 16
10:00 PMJune 16
10:30 PMJune 16
11:00 PMJune 16
11:30 PMJune 16
12:00 AMJune 17
12:30 AMJune 17
1:00 AMJune 17
1:30 AMJune 17
Defining Smart Grid◦ Definitions are static◦ Smart Grid is dynamic◦ Policy should enable, not dictate innovation
Information, Information, Information◦ The grid relies on informed decisions◦ Better information = better decisions
Other Policy Concerns◦ Market Recognition of Consumers◦ Marginal Costs vs. Average Costs◦ Rate Design Improvements◦ Market vs. regulation for consumer protections