The PSI energy shared savings agreement

Conference · Wed Jan 01 04:00:00 EST 1992 · Proceedings of the American Power Conference; (United States)

OSTI ID:7295617

Myers, J A ^[1]

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1. PSI Energy, Inc., Clarksville, IN (US)

This paper reports that PSI Energy has developed a program to help its customers that receive bills based on rates that penalize for poor power factor. The Shared Savings Agreement gives customers the opportunity to improve their power factor and save money on their energy bills. The program is a way for customers to finance the purchase and installation of power factor correction capacitors at no initial cost. Customers use the money they save by improving their power factor to pay for the installation of the power factor correction capacitors. The utility must provide real power and reactive power to customers with inductive loads. Real power (kW) does the actual work of creating heat, light, machine motion, etc. Reactive power (kVAR) maintains electromagnetic fields in inductive equipment. Inductive loads require reactive power even though it does not do useful work. Reactive power also places a demand on the power system. Real power and reactive power combined make up apparent power (kVA). The power factor is a ratio of reactive power to real power.

• OSTI ID: 7295617
• Report Number(s): CONF-920432--
• Conference Information: Journal Name: Proceedings of the American Power Conference; (United States) Journal Volume: 54:2
• Country of Publication: United States
• Language: English

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