Title :
A multi-area EDC with spot pricing and economic power interchange
Author :
Okada, Kenji ; Asano, Hiroshi
Author_Institution :
Central Res. Inst. of Electr. Power Ind., Tokyo, Japan
Abstract :
This paper presents a multi-area economic load dispatching control (EDC) with a combination of spot pricing as a demand side option and economic power interchange as a supply side option to keep demand and supply balance. The effectiveness of the proposed method is illustrated by numerical simulations using a test power system model that has three regions
Keywords :
costing; economics; load dispatching; power system control; power system interconnection; demand side option; economic power interchange; multi-area economic load dispatching control; numerical simulations; spot pricing; supply side option; test power system model; wheeling power; Dispatching; Fuel economy; Power generation; Power generation economics; Power system economics; Power system interconnection; Power system modeling; Power system reliability; Power system simulation; Pricing;
Conference_Titel :
Energy Management and Power Delivery, 1995. Proceedings of EMPD '95., 1995 International Conference on
Print_ISBN :
0-7803-2981-3
DOI :
10.1109/EMPD.1995.500693
