Scribd
Upload
53 views17 pages

23 - Economic Dispatch

The document describes the economic operation of power systems to minimize fuel costs. The objective is to supply total demand at minimum cost by determining the optimal generation amount for each generator. This is formulated as an optimization problem to minimize total generation costs subject to power balance constraints and generator limits. The problem is solved by operating generators not at their limits at equal incremental costs (lambda), accounting for transmission losses using penalty factors for each generator.

Uploaded by

acerfootball
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
53 views17 pages

23 - Economic Dispatch

The document describes the economic operation of power systems to minimize fuel costs. The objective is to supply total demand at minimum cost by determining the optimal generation amount for each generator. This is formulated as an optimization problem to minimize total generation costs subject to power balance constraints and generator limits. The problem is solved by operating generators not at their limits at equal incremental costs (lambda), accounting for transmission losses using penalty factors for each generator.

Uploaded by

acerfootball
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 17

ECONOMIC OPERATION OF

POWER SYSTEMS
OBJECTIVE: To supply power to power to our
customers at minimum fuel cost
PROBLEM STATEMENT: Given a power system
with m generating units and a total demand of PTD
, how much power should each unit generate so
that the total demand is supplied at minimum
fuel cost.

Mathematical Formulation
Minimize

CT =

i=1,2..,m

Ci(PGi)

Such that:

PGi = PTD +PLoss

(Power Balance)

i=1,2,,m

PGi max PGi PGi min

i=1,2,3,,m

Power flow constraints

Where:
(in $/HR)

Ci(PGi)

is the cost curve for the generator i

Question

How do we solve the optimization


problem?

Optimization

Without any constraints

With equality constraints

With inequality constraints

1) Economic Dispatch without transmission


losses and generator limits
Minimize

CT =

i=1,2..,m

Ci(PGi)

Such that:

PGi = PTD +PLoss

(Power Balance)

i=1,2,,m

PGi max PGi PGi min

i=1,2,3,,m

Power flow constraints

Where:

Ci(PGi)

is the cost curve for the generator i

Rule: Operate all generators at the


same incremental cost value.

= ICi

for i=1,2,3,.,m

2) Economic Dispatch without transmission


losses but including generator limits
Minimize

CT =

i=1,2..,m

Ci(PGi)

Such that:

PGi = PTD +PLoss

(Power Balance)

i=1,2,,m

PGi max PGi PGi min

i=1,2,3,,m

Power flow constraints

Where:

Ci(PGi)

is the cost curve for the generator i

Rule: Operate all generators that are


NOT at their limits at the same
incremental cost value.

= ICi

for those units that are NOT


at their limits

3) Economic Dispatch including transmission


losses and generator limits
Minimize

CT =

i=1,2..,m

Ci(PGi)

Such that:

PGi = PTD +PLoss

(Power Balance)

i=1,2,,m

PGi max PGi PGi min

i=1,2,3,,m

Power flow constraints

Where:

Ci(PGi)

is the cost curve for the generator i

Rule : Operate all generators that


are NOT at their limits at the same
system lambda.

= Li * ICi

for those units that are


NOT at their limits

Where: Li is the penalty factor for generator i

You might also like