Screening demand-side management programs with a value-based test

Author

Nelson, Sushil K. ; Hobbs, Benjamin F.

Author_Institution

Dept. of Syst. Eng., Case Western Reserve Univ., Cleveland, OH, USA

Volume

7

Issue

3

fYear

1992

fDate

8/1/1992 12:00:00 AM

Firstpage

1031

Lastpage

1043

Abstract

A value-based test is presented for economic screening of electric utility demand-side management (DSM) programs. The widely used least cost test is valid if the programs do not alter the amount or value of energy services provided to customers. But, in general, DSM programs have such effects and, as a result, the value consumers receive is changed. A more general economic efficiency test, the most value test, provides a practical method for considering the effects of DSM on customer value. The version presented allows for multiple load periods and can account for rate impacts on several customer classes. Four typical DSM programs are evaluated as illustrations

Keywords

economics; electricity supply industry; load management; customer classes; economic efficiency test; economic screening; electric utility demand-side management; multiple load periods; value-based test; Costs; Elasticity; Energy management; Engineering management; Power engineering and energy; Power generation economics; Power industry; Power system management; System testing; Systems engineering and theory;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/59.207316

Filename

207316