A peak coincidence visualization for quantifying ICAP risk
- Jan 23, 2019 11:12 pm GMT
In a portfolio of dozens or hundreds of buildings, it can be a challenge to manage DR protocols and ICAP tags. The challenge is a twelve-month challenge – avoiding new billing period peaks in January can be as cost-effective as avoiding a high ICAP tag in the summer. But when focusing on ICAP specifically, we’ve tried to quantify the risk using a simple peak coincidence analytic that we developed to help assess this risk.
Statistically, if you take any month of the year, a building will typically peak around the same time each day, with some distribution around that central tendency. Similarly, during the summer months, the ISO also peaks with some distribution around a central tendency. The degree to which the two distributions overlap can be seen as a measure of risk coincidence.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.