Economic Dispatch Software | Economic Dispatch Analysis

Economic Dispatch

Economic Dispatch Analysis

Automate Manage Schedule

Economic Dispatch software (ED) allocates generation changes of a power system among generator units to achieve optimum area economy. It provides guidelines for optimal electrical system operation in order to meet power requirements, steam requirements, and minimize fuel cost per generator.

Economic Dispatch Software Key Features

Minimize Fuel Costs
Optimal Energy Costs
Fast Solution
Robust Algorithms
Generation constraints to maintain adequate online reserves
Transmission line congestion limits to prevent overloads
Incremental heat rate characteristics for each generation unit
Detailed nonlinear cost function modeling

As part of the generation management system, Economic Dispatch software utilizes advanced optimal power flow algorithms in order to determine the optimal generation pattern while maintaining adequate reserve margins. Generation levels of individual units are calculated and dispatched in order to meet the load demand at minimal costs. Consideration is given to the fact that the cost of generation is not proportional to the generation level, systems are geographically spread out, and transmission losses are dependent on the generation pattern.