Economic dispatch
From Wikipedia, the free encyclopedia
 |
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (July 2007) |
Economic dispatch is the short-term determination of the optimal output of a number of electricity generation facilities, to meet the system load, at the lowest possible cost, while serving power to the public in a robust and reliable manner. The Economic Dispatch Problem is solved by specialized computer software which should honour the operational and system constraints of the available resources and corresponding transmission capabilities. In the US Energy Policy Act of 2005 the term is defined as "the operation of generation facilities to produce energy at the lowest cost to reliably serve consumers, recognizing any operational limits of generation and transmission facilities"[1]
[edit] References
[edit] External links
 |
This article about electric power is a stub. You can help Wikipedia by expanding it. |
