Title :
Model of interruptible load contract for minimum compensation cost
Author :
Zhang, Youbing ; Chen, Wei ; Gao, Qiang ; Liu, Zhijian ; Cao, Yijia
Author_Institution :
Zhejiang Univ. of Technol.
Abstract :
Interruptible load (IL) management as an important component of demand-side management in electricity market affects much the safe and economic operation of the power systems. The cost-benefit of interruptible load participants is analyzed in this paper. The discrete customer category is proposed to indicate the expected compensation for the blackout. This paper presents a model of IL contract, in which the objective function is the minimum compensation cost paid by the power company. The benefits of the power company and the customer are both considered as the restrictions of the model. The actual system examples show the validity of the proposed model.
Keywords :
compensation; contracts; cost-benefit analysis; load management; power markets; power system economics; blackout compensation; cost-benefit analysis; demand-side management; discrete customer category; electricity market; interruptible load contract model; load management; minimum compensation cost; power company; power system economic operation; Contracts; Costs; Electricity supply industry; Energy management; Load management; Load modeling; Power generation economics; Power system economics; Power system management; Power system modeling;
Conference_Titel :
Universities Power Engineering Conference, 2008. UPEC 2008. 43rd International
Conference_Location :
Padova
Print_ISBN :
978-1-4244-3294-3
Electronic_ISBN :
978-88-89884-09-6
DOI :
10.1109/UPEC.2008.4651458
