Short term economic load allocation : a report

Abstract

The method of equal incremental cost of received power is well established as a means or determining the most economic distribution of active power, while satisfying the power system load demand, subject to generation and water constraints. This report considers the concepts and implications of the method, in applying it to part, or all, of the New Zealand Power System. A digital computer program, developed as part of this report, is described which implements the method on a model of the South Island subsystem of the New Zealand Power System and provided the necessary computational experience to evaluate some of the important aspects of economic scheduling with this method.