Title :
Modeling dispatch constraints in production cost simulations based on the equivalent load method
Author :
Bloom, Jeremy A. ; Gallant, Lawrence
Author_Institution :
Electr. Power Res. Inst., Palo Alto, CA, USA
fDate :
5/1/1994 12:00:00 AM
Abstract :
This paper presents a new rigorous and efficient algorithm to model a very general class of dispatch constraints in production cost simulations based on the equivalent load method. The facet algorithm is based upon two observations: the equivalent load production cost calculation is a linear program, which can incorporate dispatch constraints as additional linear inequalities; and it has a special structure which admits an efficient, specialized solution algorithm. This paper gives an intuitive, graphical demonstration of the algorithm and works out a detailed example. It also discusses the types of generating technologies and dispatch constraints which can be modeled
Keywords :
economics; load dispatching; power system control; equivalent load method; facet algorithm; generating technologies; linear inequalities; load dispatch constraints; power systems; production cost simulations; Analytical models; Cost function; Energy storage; Hydraulic turbines; Power generation; Predictive models; Pricing; Procurement; Production planning; Thermal loading;
Journal_Title :
Power Systems, IEEE Transactions on