Short-term load forecasting (STLF) is an essential procedure for effective and efficient realtime operations planning and control of generation within a power system. It provides the basis for unit-commitment and power system planning procedures, maintenance schedul‐ ing, system security assessment, and trading schedules. It establishes the generation, capaci‐ ty, and spinning reserve schedules...

In this study, an environmental economic active power dispatch problem is transformed into an optimization problem with a single-objective function by applying the weighted sum method (WSM) and the conic scalarization method (CSM). A pseudo spot price of electricity algorithm (PSPA) is used to solve the transformed problem. This is demonstrated on an example problem, which is a lossy electrical...

This paper presents a hybrid particle swarm algorithm for solving the multiobjective reactive power dispatch problem. Modal analysis of the system is used for static voltage stability assessment. Loss minimization and maximization of voltage stability margin are taken as the objectives. Generator terminal voltages, reactive power generation of the capacitor banks and tap changing transformer se...

Dynamic economic load dispatch is one of the most important roles of power generation’s operation and control. It determines the optimal controls of production of generator units with predicted load demand over a certain period of time. Economic dispatch a subjects in the power network’s operation, which is a complicated nonlinear constrained optimization problem. Since dynamic economic load di...

Real options theory is an increasingly popular tool for valuing physical assets such as power generation plants. In this paper, we describe a model for power plant valuation that accounts for such important operating characteristics as minimum onand off-times, ramp time, nonconstant heat rates, response rate and minimum electricity dispatch level. The power plant values and optimal operating po...

A novel methodology for the economic evaluation of hydrogen production and storage for a mixed wind-nuclear power plant considering some new aspects such as residual heat and oxygen utilization is applied in this work. This analysis is completed in the context of a Hydrogen Economy and competitive electricity markets. The simulation of the operation of a combined nuclear-wind-hydrogen system is...

In this paper particle swarm optimization (PSO) algorithm is proposed to optimize Combined Economic emission Dispatch Problem (CEEDP)of thermal units. Combined Economic emission Dispatch Problem (CEEDP is used to minimize both total fuel cost of generation and the emission of toxic gases of the thermal generating units simultaneously while satisfying the load demand and constraints of the syste...