Network Losses-based Economic Redispatch for Optimal Energy Pricing in a Congested Power System
Author(s) -
Muhammad Bachtiar Nappu,
Ardiaty Arief
Publication year - 2016
Publication title -
energy procedia
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.474
H-Index - 81
ISSN - 1876-6102
DOI - 10.1016/j.egypro.2016.10.183
Subject(s) - electricity market , electricity , order (exchange) , transmission (telecommunications) , power (physics) , electric power system , environmental economics , electric power transmission , computer science , scheme (mathematics) , electricity generation , operations research , business , economics , telecommunications , engineering , electrical engineering , physics , finance , quantum mechanics , mathematical analysis , mathematics
An efficient, low-cost and reliable operation of a power system by adjusting the available electricity generation resources to supply demand of the system is required to ensure satisfied economic plant dispatching. This paper proposes a scheme for economic redispatch model considering the transmission issues such as transmission congestion and network losses, in order to obtain an optimal energy price in supporting competitive electricity market under deregulated environment of a power system
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