Abstract
This paper introduces a new fuzzy-based design procedure for more efficient application of reward-penalty schemes in distribution sector. To achieve a fair as well as applicable regulation scheme, the fuzzy C-means clustering algorithm is employed to efficiently determine the similarity among distribution companies. As setting procedure of the reward-penalty scheme parameters can significantly affect the income of different companies, a new procedure based on the membership degrees obtained from the fuzzy C-means algorithm is proposed to fairly determine these parameters for each electricity distribution company. Some numerical studies are performed on the Iranian electricity distribution companies.
Original language | English |
---|---|
Article number | e2628 |
Number of pages | 16 |
Journal | International Transactions on Electrical Energy Systems |
Volume | 28 |
Issue number | 11 |
DOIs | |
Publication status | Published - 1 Nov 2018 |
MoE publication type | A1 Journal article-refereed |
Keywords
- electricity distribution company
- fuzzy C-means clustering (FCM)
- performance-based regulation (PBR)
- reliability
- reward-penalty scheme