Establishment of windows-based load management system for electricity cost savings in competitive electricity markets
- Authors
- Chung, K. H.; Kim, B. H.; Hur, D.
- Issue Date
- Dec-2007
- Publisher
- ELSEVIER SCI LTD
- Keywords
- competitive electricity market; consumption strategy; electric charges savings; Unified Modeling Language; Windows-based load management system
- Citation
- INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS, v.29, no.10, pp.831 - 840
- Journal Title
- INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS
- Volume
- 29
- Number
- 10
- Start Page
- 831
- End Page
- 840
- URI
- https://scholarworks.bwise.kr/hongik/handle/2020.sw.hongik/23519
- DOI
- 10.1016/j.ijepes.2007.06.030
- ISSN
- 0142-0615
- Abstract
- For electricity markets to function in a truly competitive and efficient manner, it is not enough to focus solely on improving the efficiencies of power supply. To recognize price-responsive load as a reliability resource, the customer must be provided with price signals and an instrument to respond to these signals, preferably automatically. This paper attempts to develop the Windows-based load management system in competitive electricity markets, allowing the user to monitor the current energy consumption or billing information, to analyze the historical data, and to implement the consumption strategy for cost savings with nine possible scenarios adopted. Finally, this modeling framework will serve as a template containing the basic concepts that any load management system should address. (c) 2007 Published by Elsevier Ltd.
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Collections - College of Engineering > School of Electronic & Electrical Engineering > 1. Journal Articles
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