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.

fYear

2008

fDate

1-4 Sept. 2008

Firstpage

1

Lastpage

4

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/UPEC.2008.4651458

Filename

4651458