Load profiling in the deregulated electricity markets: A review of the applications

This paper provides a state of the art survey on the load profiling applications in the deregulated market. The survey is focused on topics like tariff design, load forecasting and various power distribution issues. The procedure of the formulation of the load profiles is analyzed, as well as the algorithms used for the aforementioned procedure. Furthermore, the paper presents the two general models that are used in load profiling, namely the area (or regional) and the category (or the consumer-group-related) model. The strength and weaknesses of each model are discussed. Finally, the authors contribute to the existing load profiling literature by introducing a clustering algorithm that is used in other clustering applications. The algorithm´s performance is compared with a set of algorithms that have been proposed and the results are discussed.