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|Title:||Economic dispatch towards maximizing social welfare in a re-regulated environment|
|Authors:||Chang, C.S. |
|Citation:||Chang, C.S.,Zhang, Zhimin,Liew, A.C. (1998). Economic dispatch towards maximizing social welfare in a re-regulated environment. Proceedings of the International Conference on Energy Management and Power Delivery, EMPD 1 : 259-264. ScholarBank@NUS Repository.|
|Abstract:||With the participation of non-utility generation in a fast-growing energy market, a contracted minimum energy constrained economic dispatch problem has emerged and became a common concern between the host utility, independent power producer and regulatory body. This paper formulates the CME constrained dispatch problem and presents an optimization technique based on duality theory and. By introducing the concept of subsidized incremental cost, we have interpreted the essence of CME constraints and set up a modified equal incremental criterion under new operation environment and open energy market.|
|Source Title:||Proceedings of the International Conference on Energy Management and Power Delivery, EMPD|
|Appears in Collections:||Staff Publications|
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