Designing a new procedure for reward and penalty scheme in performance-based regulation of electricity distribution companies

Mohammad Jooshaki, Ali Abbaspour, Mahmud Fotuhi-Firuzabad, Moein Moeini-Aghtaie*, Matti Lehtonen

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

3 Citations (Scopus)

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 languageEnglish
Article numbere2628
Number of pages16
JournalInternational Transactions on Electrical Energy Systems
Volume28
Issue number11
DOIs
Publication statusPublished - 1 Nov 2018
MoE publication typeA1 Journal article-refereed

Keywords

  • electricity distribution company
  • fuzzy C-means clustering (FCM)
  • performance-based regulation (PBR)
  • reliability
  • reward-penalty scheme

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