Financial Assessment Considered Weighting Factor Scenarios for the Optimal Combination of Power Plants on the Power System Operation

Abstract

This paper presents an application of the novel evolutionary algorithm for assessing financially an economic power system operation throughout a combined economic and emission dispatch problem required by various technical limitations. In detail, this problem considers two dispatches for fuel and environmental aspects as a constrained objective function associated with weighting factor scenarios. Running out simulations show that minimum costs are depended on weighting factors, which implemented on the combination of the problem. Reducing the total fuel cost focused on the dispatching priority and the pollutant target based on the emission production have difference implications as its contribution to the economic operation, the increasing load demand leads to generated powers, costs and emission discharges associated with its parameters and power schedules