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The interaction of economic dispatch fuel pricing and the optimal procurement of fuel

Journal Article · · IEEE Trans. Power Appar. Syst.; (United States)
This paper deals with the interaction of economic loading of the generating units and the optimal fuel procurement on an electric power system. A survey, reported upon in this paper, reveals that considerable disagreement exists on the setting of economic dispatch fuel prices. A mathematical proof is presented which shows that the incremental fuel price should be used. Sensitivities of the system fuel cost due to deviations from the optimal dispatch prices and a methodology for optimal procurement of fuel which also yields the values of the incremental fuel prices are presented.
Research Organization:
The Univ. of Alabama, University, AL 35486
OSTI ID:
5618809
Journal Information:
IEEE Trans. Power Appar. Syst.; (United States), Journal Name: IEEE Trans. Power Appar. Syst.; (United States) Vol. 102:6; ISSN IEPSA
Country of Publication:
United States
Language:
English