An Improved Fuzzy C-Means Algorithm for the Implementation of Demand Side Management Measures

Ioannis Panapakidis, Nikolaos Asimopoulos, Athanasios Dagoumas and Georgios C. Christoforidis
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Ioannis Panapakidis: Department of Electrical Engineering, Western Macedonia University of Applied Sciences, Kozani 50100, Greece
Nikolaos Asimopoulos: Department of Electrical Engineering, Western Macedonia University of Applied Sciences, Kozani 50100, Greece
Athanasios Dagoumas: Energy and Environmental Policy Laboratory, School of Economics, Business and International Studies, University of Piraeus, Piraeus 18532, Greece
Georgios C. Christoforidis: Department of Electrical Engineering, Western Macedonia University of Applied Sciences, Kozani 50100, Greece

Energies, 2017, vol. 10, issue 9, 1-42

Abstract: Load profiling refers to a procedure that leads to the formulation of daily load curves and consumer classes regarding the similarity of the curve shapes. This procedure incorporates a set of unsupervised machine learning algorithms. While many crisp clustering algorithms have been proposed for grouping load curves into clusters, only one soft clustering algorithm is utilized for the aforementioned purpose, namely the Fuzzy C-Means (FCM) algorithm. Since the benefits of soft clustering are demonstrated in a variety of applications, the potential of introducing a novel modification of the FCM in the electricity consumer clustering process is examined. Additionally, this paper proposes a novel Demand Side Management (DSM) strategy for load management of consumers that are eligible for the implementation of Real-Time Pricing (RTP) schemes. The DSM strategy is formulated as a constrained optimization problem that can be easily solved and therefore, making it a useful tool for retailers’ decision-making framework in competitive electricity markets.

Keywords: demand response; load management; load modeling; load profiles; optimization; time-series clustering (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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