Penalty Factor Calculations Incorporating Interchange Constraints

@article{Jamshidian1983PenaltyFC,
  title={Penalty Factor Calculations Incorporating Interchange Constraints},
  author={Farhad Jamshidian and Ko-chih Liu and Renato Lugtu},
  journal={IEEE Transactions on Power Apparatus and Systems},
  year={1983},
  volume={PAS-102},
  pages={3667-3671}
}
The use of penalty factors to account for the effect of transmission losses in the equal incremental cost criterion for economic dispatch of generating units has been firmly established and applied to the real-time dispatch and control. For real-time applications, the methodology has been to generate several sets of _?-coefficients off-line and select one that approximates the network configuration and the system load level. More recently Jacobianbased algorithms have been proposed and several… CONTINUE READING

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