The economic dispatch with consideration of transmission service charge for a generation company

Summary form only given, as follows. This paper presents a novel economic dispatch strategy for a generation company which owns several units with different fuel costs, efficiency, and locations, and has a bilateral contract with several large customers. The proposed strategy not only considers the...

Full description

Saved in:
Bibliographic Details
Main Authors: Wen-Chen Chu, Bin-Kwie Chen, Neng-Sheng Hsu
Format: Conference Proceeding
Language:English
Subjects:
Contracts
Costs
Fuel economy
Power generation
Power generation economics
Power system economics
Power systems
Online Access:Request full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Summary form only given, as follows. This paper presents a novel economic dispatch strategy for a generation company which owns several units with different fuel costs, efficiency, and locations, and has a bilateral contract with several large customers. The proposed strategy not only considers the generation cost, but also takes into account the wheeling charge for the use of the transmission system. A modified megawatt-mile method is proposed to calculate the wheeling cost in this paper. Finally, the calculation result of economic dispatch for a generation company with two units and their loads in a real power system is demonstrated.
DOI:10.1109/PESW.2002.984946