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Load control services in the management of power system security costs

Load control services in the management of power system security costs

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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.

Inspec keywords: power system control; management; power system security; power system economics; tariffs; electricity supply industry; load regulation; costing

Other keywords: bidding; transmission reinforcement; competitive market; power system security costs management; out-of-merit generation; load control services; transparent cost structure; electricity industry deregulation

Subjects: Power system management, operation and economics; Power system protection; Power system control; Public utilities

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