Future Scenario: Real Time Tariffs and Energy Accounting

As the electricity organizations moves toward less regulation, time-of-use and other complex rates are likely to become more common. "Real-time pricing" might also become available, at least to large electricity users. With real-time pricing, what you pay per kW and per kWh will be based on what your utility pays for wholesale electricity. Wholesale prices vary based on demand and supply. Customers will be notified hours in advance what the electricity prices will be. Based on this real time information, they could take appropriate action to decrease their energy use. Taking benefits of real-time pricing will needs computerized energy and price tracking, as well as sophisticated control of equipment.