Combined emission and economic dispatch incorporating demand side resources

In this paper, a unique formulation for combined emission and economic dispatch (CEED) incorporating demand side resources (CEED-DSRs) is presented. Herein, the target of a generation company is minimizing total cost including power generation cost, penalty cost due to carbon emissions, and cost of demand response program (DRP) implementation. In solving the CEED-DSRs problem, one of the voluntary and incentive-based programs of DRPs, that is, emergency demand response program (EDRP) is chosen, and then different strategies are defined for implementing EDRP. The strategies are prioritized based on minimum cost of the CEED-DSRs problem. Potential benefits of the proposed CEED-DSRs include reduced total cost of problem, diminished carbon emission level of thermal power plants, and improved system load factor.