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

Jooshaki, M ; Sharif University of Technology | 2018

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  1. Type of Document: Article
  2. DOI: 10.1002/etep.2628
  3. Publisher: John Wiley and Sons Ltd , 2018
  4. Abstract:
  5. 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. Copyright © 2018 John Wiley & Sons, Ltd
  6. Keywords:
  7. Electricity distribution company ; Fuzzy C-means clustering (FCM) ; Performance-based regulation (PBR) ; Reward-penalty scheme ; Copying ; Design ; Electric utilities ; Fuzzy clustering ; Fuzzy systems ; Power quality ; Reliability ; Distribution companies ; Distribution sector ; Electricity distribution companies ; Fuzzy C means clustering ; Fuzzy C-means algorithms ; Fuzzy c-means clustering algorithms ; Performance-based regulation ; Clustering algorithms
  8. Source: International Transactions on Electrical Energy Systems ; Volume 28, Issue 11 , 2018 ; 20507038 (ISSN)
  9. URL: https://onlinelibrary.wiley.com/doi/abs/10.1002/etep.2628