Residential Gateway for Electricity Response: Resolve of Customer Access, System Expansion, Market Manipulation, and Environmental Goals

Abstract:     
Designers of competitive electricity systems face numerous challenges regarding how to achieve efficient retail customer access, cost-containment, market power mitigation, and environmental goals. The ideal system would provide retail price and demand response, customer satisfaction, meet environmental objectives, be highly reliable, and provide appropriate investment signals for system expansion. Starting in Chicago, the WattSpot residential, real-time interactive gateway is designed to resolve these challenges. It facilitates web-based, automated customer choice based on hourly electricity metering and prices, demand response and energy efficiency options, environmental dispatch, and highly interactive customer education. Research is presented to show how this gateway and the related data can be used resolve critical challenges to competitive electricity markets and leverage customers options.

Working Paper Series