Abstract
Peak load reduction (PLR) is one of the applied strategies in demand response (DR) program to manage the costs of an electric distribution utility. Besides, this strategy can affect the costs of incoming new components (INC) from the utility viewpoint in the expansion phase, which consists of the processes of design, purchase, installation, and operation. Accordingly, considering these processes, this paper addresses a process-cost-oriented model seeing the PLR program to decide about the optimal investment value of network expansion. In the new paradigm, the costs of each process are identified, and the effect of PLR on these costs is analyzed. Moreover, to make optimal decisions, variations of the overall process costs and PLR program cost are investigated. A real case study is also provided to evaluate the capability of PLR using the proposed model. The results reveal that the overall cost is reduced by about 18%, due to the 5.7% reduction in the peak load.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.