Emission constrained bid based dynamic economic dispatch using quadratic programming

Abstract

In this work, a variant of the Dynamic Economic Dispatch (DED) problem is presented. This variant is under a deregulated environment and is termed the Bid Based Dynamic Economic Dispatch (BBDED). Customers give bids on the amount of power they are willing to buy and suppliers simultaneously give bids on how much they are willing to supply. This is done over a trading scheduling period and the Independent System Operator (ISO) seeks to maximize its profit and optimally schedule power flow whilst respecting system constraints. In this paper, the BBDED formulation has an emission constraint factored with the resulting model solved using the Advanced Interactive Multidimensional Modelling System (AIMMS) under different scenarios with encouraging results.