When prices are set properly, they serve as important signals to guide customers to consume the efficient quantity of a good. However, in electricity markets many consumers do not pay prices that reflect the scarcity of power. The true social cost of power varies throughout a typical day; power...

In recent years intelligent Building Automation Systems, based on best practice open technology, have succeeded in helping facilities reduce their infrastructure, installation and operating costs. The idea was - 'the less the human intervention and the more automated the system then the more...

Driven by a variety of factors including falling costs, environmental impacts, and state mandates, the integration of renewable energy on the U. S. electrical grid is increasing. While studies have shown that the existing electric grid system can absorb this load with the addition of...

Despite temporal changes in wholesale electricity prices, retail prices are typically constant throughout the day. To address this economic inefficiency, Detroit Edison, a subsidiary of DTE Energy (DTE), can introduce residential dynamic pricing rates to incent customers to shift load away from...

This thesis addresses the explicit representation of demand-side resources as participants in the day-ahead electricity markets and assesses their impacts on schedul-ing and prices. These resources offer to reduce their loads and compete side-by-side with the supply-side resources in the hourly...

In recent years intelligent Building Automation Systems, based on best practice open technology, have succeeded in helping facilities reduce their infrastructure, installation and operating costs. The idea was - 'the less the human intervention and the more automated the system then the more...

Thermal Energy Storage (TES) and Demand Response (DR) offer unique benefits to reducing the electricity consumption, carbon emission, investment, and operational cost of generating cooling energy by bridging the gap between cooling energy demand and production. To provide comprehensive guidance...

Industrial manufacturing is based on a variety of energy sources, e.g. electricity, oil, and gas. Electricity appears to be particularly relevant to operate most types of industrial production equipment in an environmentally friendly manner. Aside from production machines, intralogistics...

Master of Science