[OASIS Issue Tracker] Created: (ENERGYINTEROP-135) Suggestion fornew language for lines 420-438 of WD 14. Addresses types of prices inEnergy Interop per our discusion at EI meeting on 10/13/10.

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Suggestion for new language for lines 420-438 of WD 14.  Addresses types of prices in Energy Interop per our discusion at EI meeting on 10/13/10.
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                 Key: ENERGYINTEROP-135
                 URL: http://tools.oasis-open.org/issues/browse/ENERGYINTEROP-135
             Project: OASIS Energy Interoperation TC
          Issue Type: Improvement
    Affects Versions: wd13
         Environment: This applies to WD 14 that is not yet referenced in JIRA
            Reporter: Edward Cazalet 
            Assignee: William Cox


I suggest the following from energy interop WD 14 be revised to address all typors of price

The current lines are:

420 Other business models may combine services in novel ways. A grid operator can publish an indication of
421 interest in buying curtailment at a given price. Business and buildings willing to respond would
422 simultaneously offer and execute a contract to shed load. The performance in this case would be called at
423 the same time or later as contracted.
424 These four services work with and depend upon a core set of price services. Shortage and abundance of
425 electricity are indicated through price. Smarter grids will be to recognize scarcity and abundance faster,
426 and to thereby be able to price better.
427 A grid pricing service is able to answer the following sorts of questions:
428 1. What is the price of Electricity now?
429 2. What will it be in 5 minutes?
430 3. What will it be at other times in the future?
431 4. What was the highest price for electricity in the last day? Month? Year?
432 5. What was the lowest price for electricity in the last day? Month? Year?
433 6. What price will electricity have for each hour of the day tomorrow?
434 7. What was the high price for the day the last time it was this hot?
435 Each answer carries with it varying degrees of certainty. The prices may be fixed tariffs absolutely locked
436 down. The prices may be fixed tariffs, ―unless a DR event is called.‖ The prices may be wild guesses
437 about open markets. With a standardized price service, technology providers can develop solutions to
438 help grid operators and grid customers manage their energy use portfolios.


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