Abstract—Economic Dispatch (ED) is one of the most challenging problems of power system since it is difficult to determine the optimum generation scheduling to meet the particular load demand with the minimum fuel costs while all constraints are satisfied. The objective of the Economic Dispatch Problems (EDPs) of electric power generation is to schedule the committed generating units outputs so...

Bi-objective problem; Hydrothermal scheduling; Economic dispatch; Emission dispatch; Combined economic emission dispatch Abstract The short-term combined economic emission hydrothermal scheduling is a bi-objective problem minimizing both fuel cost and emission of a hydrothermal system while satisfying thermal, hydro and system constraints. In this paper, an efficient cuckoo bird-inspired meta-h...

Economic dispatch is the short-term determination of the optimal output of a number of electricity generation facilities, to meet the system load, at the lowest possible cost, subject to transmission and operational constraints. The Economic Dispatch Problem is solved by specialized computer software which should honor the operational and system constraints of the available resources and corres...

This thesis investigates the application of marginal cost based spot pricing techniques to the short run coordination of decentralised, and potentially competitive, electricity markets. A Dispatch Based Pricing philosophy is proposed which requires that the dispatcher of a power system determine spot prices which are consistent with both the observed power system dispatch and the offers and bid...

Economic dispatch is carried out at the energy control center to find out the optimal output of thermal generating units such that power balance criterion is met, unit operating limits are satisfied and the fuel cost is minimized. With growing environmental awareness and strict government regulations throughout the world, it has become essential to optimize not only the total fuel cost but also...

In this study, an environmental economic active power dispatch problem is transformed into an optimization problem with a single-objective function by applying the weighted sum method (WSM) and the conic scalarization method (CSM). A pseudo spot price of electricity algorithm (PSPA) is used to solve the transformed problem. This is demonstrated on an example problem, which is a lossy electrical...

In this paper, an economic dispatch model with probabilistic modeling is developed for a microgrid. The electric power supply in a microgrid consists of conventional power plants and renewable energy power plants, such as wind and solar power plants. Because of the fluctuation in the output of solar and wind power plants, an empirical probabilistic model is developed to predict their hourly out...

This paper proposes a novel consensus-based distributed control algorithm for solving the economic dispatch problem of distributed generators. A legacy central controller can be eliminated in order to avoid a single point of failure, relieve computational burden, maintain data privacy, and support plug-and-play functionalities. The optimal economic dispatch is achieved by allowing the iterative...

Economic load dispatch (ELD) is a non-linear optimization problem for determining the power shared among the generating units to satisfy the generation limit constraints of each unit and minimizing the cost of power production. In this paper, we present a new hybrid algorithm by combing the standard backtracking search optimization algorithm (BSA) and the random wake with direction exploitation...