Simulation of DSM resources as generating units in probabilistic production costing framework

Research output: Contribution to journalArticle

19 Citations (Scopus)

Abstract

To study the economics of DSM resources the avoided cost method is used which requires two production cost simulation runs; one with a b'ise case set of loads and another with the load shape changed by the expected impact of DSM. This paper presents an efficient technique which allows a single simulation to study probabilistically the impact of DSM on loss-or-load probability, energy not served and energy consumption in probabilistic production costing methodology. It also provides an analytical method to study the impact of DSM on capacity requirements. Another advantage of this technique is that the DSM administrative costs can directly be incorporated while simulating the DSM resources. The proposed technique does not alter the original load shape but basically models DSM resources as generating units in the system. The technique is applied to IEEE RTS data to compare the results with the avoided cost method.

Original languageEnglish
Pages (from-to)1528-1533
Number of pages6
JournalIEEE Transactions on Power Systems
Volume13
Issue number4
DOIs
Publication statusPublished - 1998

Fingerprint

Costs
Energy utilization
Economics

Keywords

  • Demand side management
  • Integrated resource planning
  • Probabilistic production costing

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

Cite this

Simulation of DSM resources as generating units in probabilistic production costing framework. / Malik, A. S.

In: IEEE Transactions on Power Systems, Vol. 13, No. 4, 1998, p. 1528-1533.

Research output: Contribution to journalArticle

@article{ca1ff2113a2b4cbd86dd04ec84a9386c,
title = "Simulation of DSM resources as generating units in probabilistic production costing framework",
abstract = "To study the economics of DSM resources the avoided cost method is used which requires two production cost simulation runs; one with a b'ise case set of loads and another with the load shape changed by the expected impact of DSM. This paper presents an efficient technique which allows a single simulation to study probabilistically the impact of DSM on loss-or-load probability, energy not served and energy consumption in probabilistic production costing methodology. It also provides an analytical method to study the impact of DSM on capacity requirements. Another advantage of this technique is that the DSM administrative costs can directly be incorporated while simulating the DSM resources. The proposed technique does not alter the original load shape but basically models DSM resources as generating units in the system. The technique is applied to IEEE RTS data to compare the results with the avoided cost method.",
keywords = "Demand side management, Integrated resource planning, Probabilistic production costing",
author = "Malik, {A. S.}",
year = "1998",
doi = "10.1109/59.736301",
language = "English",
volume = "13",
pages = "1528--1533",
journal = "IEEE Transactions on Power Systems",
issn = "0885-8950",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
number = "4",

}

TY - JOUR

T1 - Simulation of DSM resources as generating units in probabilistic production costing framework

AU - Malik, A. S.

PY - 1998

Y1 - 1998

N2 - To study the economics of DSM resources the avoided cost method is used which requires two production cost simulation runs; one with a b'ise case set of loads and another with the load shape changed by the expected impact of DSM. This paper presents an efficient technique which allows a single simulation to study probabilistically the impact of DSM on loss-or-load probability, energy not served and energy consumption in probabilistic production costing methodology. It also provides an analytical method to study the impact of DSM on capacity requirements. Another advantage of this technique is that the DSM administrative costs can directly be incorporated while simulating the DSM resources. The proposed technique does not alter the original load shape but basically models DSM resources as generating units in the system. The technique is applied to IEEE RTS data to compare the results with the avoided cost method.

AB - To study the economics of DSM resources the avoided cost method is used which requires two production cost simulation runs; one with a b'ise case set of loads and another with the load shape changed by the expected impact of DSM. This paper presents an efficient technique which allows a single simulation to study probabilistically the impact of DSM on loss-or-load probability, energy not served and energy consumption in probabilistic production costing methodology. It also provides an analytical method to study the impact of DSM on capacity requirements. Another advantage of this technique is that the DSM administrative costs can directly be incorporated while simulating the DSM resources. The proposed technique does not alter the original load shape but basically models DSM resources as generating units in the system. The technique is applied to IEEE RTS data to compare the results with the avoided cost method.

KW - Demand side management

KW - Integrated resource planning

KW - Probabilistic production costing

UR - http://www.scopus.com/inward/record.url?scp=0032202934&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0032202934&partnerID=8YFLogxK

U2 - 10.1109/59.736301

DO - 10.1109/59.736301

M3 - Article

VL - 13

SP - 1528

EP - 1533

JO - IEEE Transactions on Power Systems

JF - IEEE Transactions on Power Systems

SN - 0885-8950

IS - 4

ER -