Cost justification of the new Ohio Edison Company´s energy management system

Author

Jamshidi, A. ; Stein, E.C. ; Hoveida, B. ; Robinson, J.T.

Author_Institution

Ohio Edison Co., OH, USA

fYear

1991

fDate

7-10 May 1991

Firstpage

180

Lastpage

185

Abstract

A systematic method for analyzing alternative strategies that the Ohio Edison (OE) Company used during the feasibility study of its energy management system (EMS) is discussed. A key element in the requirements study of an EMS is determining the value of not only the present system, but also of several feasible alternatives in terms of present worth dollars. The term value represents the difference between a system´s benefits (or the loss of those benefits) and its cost. When the values of various alternatives are compared over time with that of the existing system, the most cost-effective point for system replacement can be accurately defined along with the best alternative

Keywords

economics; load management; power system computer control; value engineering; EMS; USA; cost justification; economics; energy management system; feasibility study; power system computer control; value; Automatic generation control; Computer interfaces; Control systems; Costs; Energy management; Microwave generation; Power generation; Processor scheduling; Radio control; Substations;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Industry Computer Application Conference, 1991. Conference Proceedings

Conference_Location

Baltimore, MD

Print_ISBN

0-87942-620-9

Type

conf

DOI

10.1109/PICA.1991.160627

Filename

160627