Economic Dispatch definition

Economic Dispatch means the sending of dispatch instructions to generation units to minimize the cost of reliably meeting load demands.

Economic Dispatch means the distribution of the total energy needs of BPDB among available sources of generation based upon the marginal cost to BPDB for requesting the next increment of energy, where plants will be dispatched by BPDB from the lowest in incremental cost to the highest in incremental cost, considering all relevant factors, including each available plant’s technical limits and availability and the capabilities of the Grid System at the time of dispatch;

Economic Dispatch means modifying the scheduling of power purchases from a generating facility within contrac- tually specified limits to minimize the costs of delivering electricity.

Examples of Economic Dispatch in a sentence

• ERCOT shall construct an incremental MOC curve in accordance with Section 6.5.7.3 such that each point on the MOC curve is calculated as follows: [NPRR1014: Replace paragraph (1) above with the following upon system implementation:] (1) Energy Offer Curves and Energy Bid/Offer Curves may be subject to mitigation in Real-Time operations under Section 6.5.7.3, Security Constrained Economic Dispatch, using a Mitigated Offer Cap (MOC).

• ERCOT shall use the Resource Parameters as inputs into the Day-Ahead Market (DAM), Reliability Unit Commitment (RUC), Security-Constrained Economic Dispatch (SCED), Resource Limit Calculator, Load Frequency Control (LFC), and other ERCOT business processes.

• Energy Offer Curves may be subject to mitigation in Real-Time operations under Section 6.5.7.3, Security Constrained Economic Dispatch, using a Mitigated Offer Cap (MOC).

• QSGRs with a Resource Status of OFFQS shall only be committed by ERCOT through a RUC instruction in instances when a reliability issue would not otherwise be managed through Dispatch Instructions from Security-Constrained Economic Dispatch (SCED).

• Two days after the applicable Operating Day, ERCOT shall post on the ERCOT website for the ERCOT System and, if applicable, for each Disclosure Area, the information derived from the first complete execution of Security-Constrained Economic Dispatch (SCED) in each 15-minute Settlement Interval.

More Definitions of Economic Dispatch

Economic Dispatch. (ED) means a mathematical optimisation model as described in Article 7;

Economic Dispatch means the allocation of demand to individual generation plants or units to effect the most economical production of electricity for optimum system economy, security and reliability with due consideration of incremental generation costs, incremental power purchase costs, incremental transmission and distribution losses, load flow considerations and other operational considerations as determined solely by the national grid company, the relevant national power control center or any other entity established under the pooling and settlement arrangement, as the Authority may, from time to time in this regard, decide;

Economic Dispatch. The distribution of total North Carolina Power energy needs among available sources for optimum system economy in accordance with the Prudent Utility Practice with due consideration of incremental generating costs, incremental power purchase costs, and incremental transmission losses as determined solely by North Carolina Power.

Economic Dispatch. Means the distribution of PREPA's total energy needs among available sources for optimum system economy in accordance with Prudent Utility Practices.

Economic Dispatch means the distribution of the total energy needs of the Off-Taker among available sources of generation based upon the marginal cost to the Off-Taker for requesting the next increment of energy, where plants will be dispatched by the Off-Taker from the lowest in incremental cost to the highest in incremental cost, considering all relevant factors, including each available plant’s technical limits and availability and the capabilities of the Grid System at the time of dispatch;

Economic Dispatch means accepted utility practices for the dispatching of generating assets to meet the Florida Municipal Power Pool (“FMPP”) system load based upon the lowest possible cost, subject to transmission and operational constraints. Dispatch variables such as startup costs, heat rate, and Variable O&M costs will be updated as necessary but must follow FMPP protocol “Effective Date” shall mean the date on which the last Party executes the Agreement.

Economic Dispatch means to allocate output (active and reactive power) among available generation and imports to serve the system demand minimizing operational generation costs within system security constraints and operational limits of generation units to maintain the dynamic balance, as determined by the System Operation in accordance to the Grid Code;