A Practicable Optimal Compensation Pricing Model for Incentive Interruptible Load Contract

In allusion to such a defect in existing incentive interruptible load contract model that it is hard to coordinate the efficiency with practicality, applying nonlinear pricing theory and based on the curtailment cost function of customers' interruptible load, the information display and incentive mechanism are led in, and a practicable multiple-choice interruptible load contract possessing the form of sectional compensatory price is proposed, and an optimal interruption amount and compensatory pricing model is built. The built model can lead the customers to disclose real information and implement the optimal allocation of load interruption; meanwhile the relationship between efficiency with practicality can be well coordinated. The effectiveness and correctness are validated by numerical example.