A system that optimizes demand response events and facilitates management

摘要

A system and a method for optimization and management of Demand Response in real time manner is provided. The system employs a resource modeler, a forecasting engine, an optimizer, a dispatch engine, and a baseline engine. The system is built using open framework standards based signaling and data collection, and is offered under a Software-as-a-Service model to significantly reduce the cost of participation in demand response. It uses off the shelf information and communication technology (ICT) and controls equipment.