Forecast-Based EMS
Short Definition A forecast-based EMS uses forecasts of PV generation, energy consumption, electricity prices, and operating conditions to plan energy
EcoPhi Knowledge, Energy Management and Control
EcoPhi Knowledge
EcoPhi Knowledge, Energy Management and Control
DNP3: Communication Protocol for Control Centres and Energy Systems
What is DNP3? DNP3 stands for Distributed Network Protocol 3 and is an open communication protocol for remote monitoring and
EcoPhi Knowledge, Electricity market
Day-Ahead Price: Electricity Prices for the Following Day
The day-ahead price is the wholesale electricity price for a specific delivery interval on the following day, determined in an
EcoPhi Knowledge, Electricity market
Block Contracts
Block contracts are electricity trading agreements covering a defined power or energy block for specified delivery periods. They help make
EcoPhi Knowledge, Electricity market
Atypical Grid Usage
Atypical grid usage occurs when an electricity consumer places comparatively little demand on the grid during its typical peak periods
EcoPhi Knowledge, Energy Management and Control
API
API stands for Application Programming Interface. It defines how software functions can be called and data exchanged between systems. In
EcoPhi Knowledge, Electricity market
aFRR: Automatic Frequency Restoration Reserve for the Power Grid
What is aFRR? aFRR stands for automatic Frequency Restoration Reserve, also known as secondary control reserve. It balances short-term deviations
EcoPhi Knowledge, Energy Management and Control
Time-of-Use Tariffs
What is a Time-of-Use tariff? A Time-of-Use tariff, or ToU tariff, is an electricity pricing model in which predefined prices
EcoPhi Knowledge, Energy Management and Control
Smart Meter
Short Definition In technical usage, the term smart meter frequently refers to a digital, communication-enabled energy meter that automatically records
EcoPhi Knowledge, Energy Management and Control
SCADA System
Short Definition A SCADA system (Supervisory Control and Data Acquisition) is used for the higher-level monitoring, operation and control of