NDLI: A consumer decision-making aid for electricity purchases by possibility regression and fuzzy decision

Content Provider	IEEE Xplore Digital Library
Author	Niimura, T. Nakashima, T. Ozawa, K.
Copyright Year	1999
Description	Author affiliation: Dept. of Electr. & Comput. Eng., British Columbia Univ., Vancouver, BC, Canada (Niimura, T.)
Abstract	Introduces a decision-making aid for retail consumers of electricity who now have a choice of bilateral transactions and market-based purchases under the recent deregulated environment. Direct transactions between a supplier and the consumer may become attractive in some situations because of a fixed price, while in a power exchange market, gaming and speculation by participants may push up electricity prices unacceptably. In this approach, uncertain market prices are represented by a set of fuzzy numbers containing the highest/lowest price range in a time series. The consumer's somewhat vague preferences are also defined by a separate fuzzy set. The differences in the offered price for a bilateral contract and the market prices are compared with a preference index. The overall grade of matching the price differential and the consumer's preference indicates the value of the offered price for the bilateral transaction. Numerical examples illustrate the procedure of this approach.
Starting Page	1019
Ending Page	1023
File Size	464586
Page Count	5
File Format	PDF
ISBN	0780357310
ISSN	1062922X
DOI	10.1109/ICSMC.1999.823368
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	1999-10-12
Publisher Place	Japan
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Decision making Energy consumption Electricity supply industry deregulation Contracts Power markets Fuzzy sets Power industry Power systems Power system control Power generation economics
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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