Study conducted to identify the R&D issues dealing with real-time pricing of electricity in California.

The way electricity is generated and consumed in the US is quickly changing, including in terms of the rapid growth in variable power generation resources and the need for large-scale investments to replace aging infrastructure and modernize the grid. Buildings that coordinate electricity use with grid conditions are a flexible and cost-effective resource to address the evolving power system challenges. Outfitted with smart technologies, GEBs are energy-efficient buildings with smart technologies characterized by the active use of distributed energy resources to optimize energy use for grid services, occupant needs and preferences, and cost reductions in a continuous and integrated way. In doing so, GEBs can play a key role in promoting greater affordability, resilience, environmental performance, and reliability. The report finds that, over the next two decades, GEBs could deliver between $100 and $200 billion in savings to the US power system and cut CO2 emissions by 80 million tons per year by 2030, or 6% of total power sector CO2 emissions. The report also provides 14 recommendations for addressing the top barriers to overcome barriers to GEB adoption and deployment.