The aim of the following project was to increase participation in real time pricing model by educating the consumers about existing electricity pricing models, while reducing their overall energy consumption and using IoT devices to spread out peak load hours on the grid. Based on the results of the survey, the group recommends implementation of alternative pricing models on a state level: Time of Use for the general public and Real Time Electricity Pricing for those with higher risk tolerance.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Goncharova, Masha
• Ahearn, Zachary C.
• Wolff, Herbie F.
• Faria, John C.

Subject

• Infrastructure
• Innovation
• Sustainability
• Environment
• Energy

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-031921-105027
• 6166

Palabra Clave

• Electricity
• Power Grid
• Smart Home Technology
• Real Time Electricity Pricing
• Modeling
• Time of Use

Advisor

• Powell, Adam Clayton

Year

• 2021

UN Sustainable Development Goals

• 7 - Affordable and Clean Energy
• 9 - Industry, Innovation and Infrastructure
• 11 - Sustainable Cities and Communities
• 12 - Responsible Consumption and Production

Date created

• 2021-03-19

Resource type

• Interactive Qualifying Project

Rights statement

• In Copyright

Última modificación

• 2021-05-03