Real-Time Pricing

Real-Time Pricing (RTP) fluctuates hourly or more frequently based on electricity market conditions, giving consumers access to wholesale price changes.

How It Works
Prices are set in real time based on electricity demand, grid congestion, and generation availability. Consumers can cut costs by adjusting usage accordingly.

Cost-Saving Potential
Businesses and tech-savvy consumers can lower bills by shifting energy use to times when prices drop, but this requires active monitoring or automation.

Challenges & Adoption
RTP depends on advanced metering, automated demand response, and consumer awareness, making it more suited for industrial and commercial users.