Sean Edward Paquette Rensselaer Polytechnic Institute – Hartford, CT MANE – 6960 (Mathematical Modeling of Energy and Environmental) Professor Ernesto Gutierrez-Miravete, Ph.D. Spring 2013

Introduction Model – Monte Carlo Analysis of Real-time electricity pricing for Connecticut Industrial Loads Identify potential industrial electricity cost savings Using RTP tariffs and fixed electricity rates Used real-time LMP for Connecticut January 1, 2013 – January 7, 2013 Fixed rate CL & P rate 57

Model Ability to structure model for a number of different scenarios to indentify and maximize economic potential for the given customer Electricity loads Geographical locations Fixed rate prices

Benefit Index B = Zero (No benefits) B = Negative (Electricity costs under a RTP tariff are larger than the fixed rate, therefore this is not cost effective) B = Positive (Electricity costs under a RTP tariff are less than the fixed rate, therefore customer receives a cost savings)