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As the electric utility industry moves towards the implementation of the Smart Grid, with advanced real-time sensing, communication, and controlling equipment, the primary focus has either been on how this information can be used by households to manage their energy use, or by utilities to passively monitor the status of their system. IA’s IDROP (Integrated Dispatchable Resource Optimization Portfolio) uses the Smart Grid in a completely novel approach – to allow the utility to proactively manage the customers within the Smart Grid in a manner much like the utility has treated their generation resources. Specifically, IDROP allows the utility to optimize at a systems level, the micro-dispatch of appliances, electric vehicles, photovoltaic generation, wind generation, and distributed storage units, such that the utility can maximize its value, given customer-established constraints, cost of service, compliance histories, expected load, and market prices. Highlights
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