Mobile QR Code QR CODE : The Transactions of the Korean Institute of Electrical Engineers
Title Generation Rescheduling Considering Generation Fuel Cost and CO2 Emission Cost
Authors 김규호(Kim, Kyu-Ho) ; 이상봉(Rhee, Sang-Bong) ; 송경빈(Song, Kyung-Bin) ; 황갑주(Hwang, Kab-Ju)
DOI https://doi.org/10.5370/KIEE.2013.62.5.591
Page pp.591-595
ISSN 1975-8359
Keywords Newton's Approach ; Generation Fuel Cost ; CO_2 Emission Cost ; Compromise Solution
Abstract This paper presents a method of generation rescheduling using Newton's Approach which searches the solution of the Lagrangian function. The generation fuel cost and CO_2 emission cost functions are used as objective function to reallocate power generation while satisfying several equality and inequality constraints. The Pareto optimum in the fuel cost and emission objectives has a number of non-dominated solutions. The economic effects are analyzed under several different conditions, and CO_2 emission reductions offered by the use of storage are considered. The proposed approach can explore more efficient and noninferior solutions of a Multiobjective optimization problem. The method proposed is applied to a 4-machine 6-buses system to demonstrate its effectiveness.