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| Economic
Dispatch Economic Dispatch models the electric power system (with one or more control areas) and dispatches the available generation resources to supply a given load for each control area in the most economic manner in real-time operation. The objective is to minimize the total generation cost (including fuel cost, plus emission cost, plus operation/maintenance cost, plus network loss cost) by meeting the following operational constraints:
The program operates in real-time, according to a schedule you determine Automatic Generation Control (AGC), e.g. every two (2) minutes. It can also be scheduled more frequently by AGC under various circumstances, such as changing the control mode of a unit in AGC, or the system base load deviation exceeding a pre-specified threshold, or a request to execute on demand by an operator. |
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