Real time optimal interruptible tariff mechanism incorporating utility-customer interactions

An optimal power flow based framework is proposed to determine the incentive rates of an interruptible tariff mechanism (ITM) on an hour-to-hour basis. Interaction between the utility and customers contracting interruptible load is incorporated in the analytical framework by formulating customer res...

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Bibliographic Details
Published in:IEEE transactions on power systems 2000-05, Vol.15 (2), p.700-706
Main Authors: Bhattacharya, K., Bollen, M.H.J., Daalder, J.E.
Format: Article
Language:English
Subjects:
Contracts
Costs
Customers
Energy states
Incentives
Load flow
Load forecasting
Mathematical analysis
Optimization
Peak load
Power system management
Pricing
Quality of service
Reactive power
Response functions
Tariffs
Utilities
Voltage
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Summary:An optimal power flow based framework is proposed to determine the incentive rates of an interruptible tariff mechanism (ITM) on an hour-to-hour basis. Interaction between the utility and customers contracting interruptible load is incorporated in the analytical framework by formulating customer response functions to the ITM. It is shown that ITM is able to reduce costs and aid in system operation during peak load periods. The IEEE 30-Bus system, considerably modified to represent different customer characteristics, has been used for the study.
ISSN:0885-8950
1558-0679
DOI:10.1109/59.867162