Abstract
In this paper, an innovative strategy for optimal price offering to customers for maximizing the profit of a retailer is proposed. This strategy is based on load profile clustering techniques and includes three stages. For the purpose of clustering, an improved weighted fuzzy average K-means is proposed. Also, in this paper a new acceptance function for increasing the profit of the retailer is proposed. The new method is evaluated by implementation on a group of 300 customers of a 20 kV distribution network.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Journal of Electrical Power & Energy Systems
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.