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Computer-based electric energy cost management

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2 Author(s)

Control over electrical energy operating costs and their associated administrative overheads can be greatly improved by using a computer to manage electric service contracts. The electrical power supervision system (EPSS) is particularly effective for oil and gas producers whose electrical loads are both diversified and distributed over several geographic areas. The system allows for centralized control under a trained specialist who ensures that for each production facility the contract terms and electrical costs are optimized. In addition, this approach to electric energy management effectively reduces corporate overheads by automating invoice payment procedures and enhancing lines of communication with the electric utilities

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Industry Applications, IEEE Transactions on  (Volume:24 ,  Issue: 1 )