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Development of Customer Oriented Load Management Software for Savings on Utility Bills in the Electricity Market
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 Title & Authors
Development of Customer Oriented Load Management Software for Savings on Utility Bills in the Electricity Market
Chung, Koo-Hyung; Lee, Chan-Joo; Kim, Jin-Ho; Hur, Don; Kim, Balho-H.; Park, Jong-Bae;
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For electricity markets to function in a truly competitive and efficient manner, it is not enough to focus solely on improving the efficiencies of power supply. To recognize price-responsive load as a reliability resource, the customer must be provided with price signals and an instrument to respond to these signals, preferably automatically. This paper attempts to develop the Windows-based load management system in competitive electricity markets, allowing the user to monitor the current energy consumption or billing information, to analyze the historical data, and to implement the consumption strategy for cost savings with nine possible scenarios adopted. Finally, this modeling framework will serve as a template containing the basic concepts that any load management system should address.
Competitive electricity market;Consumption strategy;Demand scheduling;Electric charges savings;Windows-based load management software;
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