Journal
IEEE TRANSACTIONS ON POWER SYSTEMS
Volume 16, Issue 2, Pages 317-322Publisher
IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
DOI: 10.1109/59.918305
Keywords
contract design; customer cost; data calibration; demand management; load curtailment; system security
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In times of stress customers can help a utility by means of voluntary demand management programs if they are offered the right incentives. The incentives offered can be optimized if the utility can estimate the outage or substitution costs of its customers. This paper illustrates how existing utility data can be used to predict customer demand management behavior. More specifically, it shows how estimated customer cost functions can be calibrated to help in designing efficient demand management contracts.
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