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

Author

Chu, Wen-Chen ; Chen, Bin-Kwie ; Hsu, Neng-Sheng

Author_Institution

Dept. of Electr. Eng., Tatung Univ., Taipei, Taiwan

Volume

16

Issue

4

fYear

2001

fDate

11/1/2001 12:00:00 AM

Firstpage

737

Lastpage

742

Abstract

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 results of economic dispatch for a generation company with two units and their loads in a real power system is demonstrated

Keywords

costing; power generation dispatch; power generation economics; power transmission economics; bilateral contract; economic dispatch; efficiency; fuel costs; generation company; generation cost; locations; modified megawatt-mile method; pricing model; real power system; transmission service charge; transmission system; wheeling charge; Contracts; Cost function; Environmental economics; Fuel economy; Job shop scheduling; Monopoly; Power generation; Power generation economics; Power system economics; Power systems;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/59.962420

Filename

962420