General Comparison and Graphic Representation of Economic Dispatch Solutions

Author

Bermúdez, Juan

Author_Institution

Dept. of Conversion & Transp. of Energy, Simon Bolivar Univ., Caracas

fYear

2005

fDate

2005

Firstpage

1

Lastpage

8

Abstract

This work is about understanding economic dispatch solutions, in the different contexts associated to a market environment, from a monopoly to a perfect market, passing through the oligopoly, market power, minimum production cost, maximum net social benefit and minimum consumer payment, for thermal and hydrothermal systems. The essence of the article is the graphic representation and comparison of the solutions, for simple but deeply enlightening cases, considering no transmission network

Keywords

hydrothermal power systems; power generation dispatch; power generation economics; power markets; thermal power stations; economic dispatch solutions; graphic representation; hydrothermal system; market environment; oligopoly; thermal system; Cost function; Environmental economics; Graphics; Lagrangian functions; Monopoly; Oligopoly; Power generation economics; Power system economics; Production; Reservoirs; Market place; economic dispatch; graphic solutions; hydrothermal coordination; market power; monopoly; oligopoly; perfect market;

fLanguage

English

Publisher

ieee

Conference_Titel

Transmission and Distribution Conference and Exhibition: Asia and Pacific, 2005 IEEE/PES

Conference_Location

Dalian

Print_ISBN

0-7803-9114-4

Type

conf

DOI

10.1109/TDC.2005.1546973

Filename

1546973