Abstract
In this paper, we continue to analyze optimal dispatch of generation and transmission topology to meet load as a mixed integer program (MIP) with binary variables representing the state of the transmission element (line or transformer). Previous research showed a 25% savings by dispatching the IEEE 118-bus test case. This paper is an extension of that work. It presents how changing the topology affects nodal prices, load payment, generation revenues, cost, and rents, congestion rents, and flowgate prices. Results indicate that changing the topology to cut costs typically results in lower load payments and higher generation rents for this network. Computational issues are also discussed.
Original language | English (US) |
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Pages (from-to) | 1469-1479 |
Number of pages | 11 |
Journal | IEEE Transactions on Power Systems |
Volume | 23 |
Issue number | 3 |
DOIs | |
State | Published - 2008 |
Externally published | Yes |
Keywords
- Mixed integer programming
- Power generation dispatch
- Power system economics
- Power transmission control
- Power transmission economics
ASJC Scopus subject areas
- Energy Engineering and Power Technology
- Electrical and Electronic Engineering