Load control services in the management of power system security costs
- 1 January 1999
- journal article
- Published by Institution of Engineering and Technology (IET) in IEE Proceedings - Generation, Transmission and Distribution
- Vol. 146 (3), 269-275
- https://doi.org/10.1049/ip-gtd:19990075
Abstract
The new climate of deregulation in the electricity industry is creating a need for a more transparent cost structure and within this framework the cost of system security has been a subject of considerable interest. Traditionally power system security has been supplied by out-of-merit generation, in the short term, and transmission reinforcement, in the long term. This paper presents a method of analysing the role of load-demand in the management of power system security costs by utilising load control services (LCS). It also proposes a competitive market to enable bidding from various participants within the electricity industry to supply system security.Keywords
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