Power Reserve Management for Power System using Security Constraints

In this paper economic load dispatch problem and various optimization techniques are discussed and finally the proposed lambda iteration optimization technique has been used to solve the ELD problem for the system considering 10 units of generation. The results obtained were satisfactory for minimizing the total fuel cost for the 24 hours of operation while taking care of different constraints. For an isolated or interconnected power system reliable operation needs an adequate generating capacity that has to be available at all times while maintaining the required frequency so as to avoid loss of determining the control area’s minimum reserve requirements. For a power system operation to be safe and reliable, spinning reserve capacity is one of the important task that needs to be calculated. In order to meet diverse needs, electrical power plays a central role in the modern world. It is therefore very necessary that the electrical power produced is efficiently transmitted and distributed so as to satisfy the demand for power. The most critical problem of optimization is the problem of Economic Load Dispatch (ELD).