COST OPTIMIZATION OF A CENTRAL ENERGY FACILITY WITH LOAD-FOLLOWING-BLOCK RATE STRUCTURE

摘要

A method for determining a participation strategy for a load-following-block rate structure and controlling equipment in accordance with the participation strategy includes selecting a plurality of hedge percentages, running a simulation over a time period for each of the plurality of hedge percentages, determining, for each of the plurality of hedge percentages, a total cost for the time period based on the simulation for the hedge percentage, selecting a recommended hedge percentage based on the total costs, and controlling the equipment to consume a total amount of at least one of energy or power from a utility provider. The recommended hedge percentage of the total amount is priced at a fixed rate and a remainder of the total amount is priced at a variable rate.