The Effect of Real Time Pricing (RTP) on Thermal Energy Storage (TES) Systems

Authors

  • Klaus Schiess P.E., CEM KSEngineers, La Jolla, California

Abstract

With the onset of deregulation of electrical utilities it is interesting
to speculate on what the future will bring and how it will effect existing
and potential new thermal energy storage projects. Let us be realistic,
there is no reason to implement TES if there is not a rate structure that
allows us to reduce energy cost. TES systems save money by reducing
demand cost and utilizing lower energy charges during off peak periods.
Certain electric utility companies in anticipation of what ma y be
corning have developed an experimental rate structure that charges en-
ergy in relation to what it actually costs the utility on an hourly basis.
Many factors influence the cost of electricity during the day so that the
cost per kWh can vary considerably on an hourly basis

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Author Biography

Klaus Schiess, P.E., CEM KSEngineers, La Jolla, California

Klaus Schiess, P.E., CEM, holds a bachelors degree in mechanical engineering from the Witwatersrand University in Johannesburg, South Africa. He worked in South Africa, Germany and Switzerland before coming to America in 1968. Since 1987 he has been president of his own consulting firm, KSEngineers, in La Jolla, California. The firm specializes in feasibility studies, design, specification and supervision of mainly energy-related HVAC projects and thermal energy storage.

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Published

2023-09-30

How to Cite

Schiess, K. . (2023). The Effect of Real Time Pricing (RTP) on Thermal Energy Storage (TES) Systems . Strategic Planning for Energy and the Environment, 16(3), 14–26. Retrieved from https://journals.riverpublishers.com/index.php/SPEE/article/view/20735

Issue

1997: Vol 16 Iss 3 1996-1997

Section

Articles