Economic Dispatch forms the important analysis functions dealing with Operation in an EMS. Economic Dispatch (ED) is defined as the process of allocating generation levels to the generating units in the mix, so that the system load is supplied entirely and most economically.
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, subject to transmission and operational constraints.
The constraints enforced during the power flow are, for the most part, the constraints that are enforced during any power flow solution. These include the bus power balance equations, the generator voltage set point constraints, and the reactive power limits on the generators.
The Optimal Power Flow module is an intelligent load flow that employs techniques to automatically adjust the power system control settings while simultaneously solving the load flows and optimizing operating conditions within specific constraints.
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