Introduction
What is Dynamic Pricing?Dynamic Pricing is a form of dynamic pricing where the price of electricity is set hour by hour, based on grid conditions one day in advance. This day-ahead schedule reflects when electricity is expected to be plentiful or scarce in the coming 24 hours. When renewable energy is abundant, prices tend to fall; when demand is high or renewable generation is limited, prices rise.
What is Automated Response?In this study, Panasonic’s Home Energy Management System (HEMS) automatically responds to day-ahead electricity price signals on behalf of the participant. The system makes intelligent decisions about when specific appliances should use energy, with the goal of lowering your monthly bill—while maintaining comfort and convenience.
Why This Matters
Smart devices transform the home into an active participant in grid flexibility. When paired with real-time price signals, they help reduce energy costs, support renewable energy integration, and improve grid reliability—without sacrificing comfort.
Want to learn more about the project? Visit the project overview document
here.
