Title :
A Dominican strategy: customer-oriented risk management
Author :
Vanderhorst-Silverio, José Antonio
Abstract :
This paper describes the innovative strategy employed by the Dominican Republic government to reduce supply costs and shortage costs while recoupling electricity investments in the country. The strategy is based on the demand responsiveness concept, which is espoused by the International Energy Agency via the demand response resource (DRR) project. The strategy has resulted in several important technical, economic, efficiency, and financial stability benefits
Keywords :
cost reduction; demand side management; electricity supply industry; government policies; investment; power system economics; risk management; DSM; Dominican Republic; International Energy Agency; customer-oriented risk management; demand response resources investments; demand-side management; electricity investment recoupling; financial stability benefits; safety margins; shortage costs; supply costs reduction; system operators dispatch power; Automatic control; Costs; Delay; Electricity supply industry; Energy consumption; Investments; Petroleum; Process control; Reliability; Risk management;
Journal_Title :
Power and Energy Magazine, IEEE
DOI :
10.1109/MPAE.2006.1632446
