BOT Based Real Time Power Management

For any of the Distribution Utilities, Power Purchase cost is approximately 80% of the total cost of supply and is outside the direct control of the Distribution Utilities. Hence, PP cost reduction forms the strategic priority for almost all the utilities. Currently in Maharashtra, all power industries are under DSM (Deviation Settlement Mechanism) regime. DSM is a regulatory mechanism by which grid stability is achieved by imposing penalty and incentives for over drawl/injection or under drawl/injection from the schedule. The objective of the proposed strategy is to reduce PP cost by minimizing DSM charges and avoiding Additional DSM penalties which is directly impacting to bottom line of company. Real Time Power Management is defined systematic processes which is the backbone of organization. RPA(Robotic Process Automation) is an emerging tool of automation technology based on notion of software robots or Artificial Intelligence(AI). When robot is at work, it performs tasks just like a human would: logging in, operating applications, entering data, performing complex calculations and logging out. The use of robot help us to automate power management process in a relatively short amount of time.

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Publication Details

Published
2024-11-04
DOI
https://doi.org/10.1109/pecon62060.2024.10827525
Primary Topic
Transportation and Mobility Innovations
Type
article
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article

BOT Based Real Time Power Management

Rajeev Kumar, Trusha Biswas, P Devanand
Transportation and Mobility Innovations
article

BOT Based Real Time Power Management

Rajeev Kumar, Trusha Biswas, P Devanand
article en

Abstract

For any of the Distribution Utilities, Power Purchase cost is approximately 80% of the total cost of supply and is outside the direct control of the Distribution Utilities. Hence, PP cost reduction forms the strategic priority for almost all the utilities. Currently in Maharashtra, all power industries are under DSM (Deviation Settlement Mechanism) regime. DSM is a regulatory mechanism by which grid stability is achieved by imposing penalty and incentives for over drawl/injection or under drawl/injection from the schedule. The objective of the proposed strategy is to reduce PP cost by minimizing DSM charges and avoiding Additional DSM penalties which is directly impacting to bottom line of company. Real Time Power Management is defined systematic processes which is the backbone of organization. RPA(Robotic Process Automation) is an emerging tool of automation technology based on notion of software robots or Artificial Intelligence(AI). When robot is at work, it performs tasks just like a human would: logging in, operating applications, entering data, performing complex calculations and logging out. The use of robot help us to automate power management process in a relatively short amount of time.

Tata Power Solar (India) (IN)
Affordable and clean energy
Openalex Percentile: Top 72%
Transportation and Mobility Innovations
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BOT Based Real Time Power Management — Rajeev Kumar, Trusha Biswas, et al. · (2024) | TGRS Research Map | TGRS