Economic Dispatch definition

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

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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

• CTS transactions are ordinarily evaluated on a 15-minute basis consistent with forecasted real-time prices from NYISO’s Real-Time Commitment run and the forecasted price information from PJM’s Intermediate Term Security Constrained Economic Dispatch solution.

• The Parties shall describe with more specificity the Economic Dispatch Down process (including the automated communication process for Dispatch Notices) in the operating procedures developed by the Parties pursuant to Section 3.10.

• CTS transactions are ordinarily evaluated on a 15-minute basis consistent with forecasted real-time prices from ▇▇▇▇▇’s Real-Time Commitment run and the forecasted price information from PJM’s Intermediate Term Security Constrained Economic Dispatch solution.

• Emissions Constrained Dispatch is simply Economic Dispatch where the estimated value of the SO2 allowances being consumed by a unit is included as a part of the unit's cost of generation.

• The performance of Buyer to Schedule, receive, and pay for the Product shall be excused only (A) during periods of Force Majeure, (B) by Seller’s failure to perform or (C) during Dispatch Down Periods [For all Products other than Dispatchable Product: (except that Buyer shall not be excused from paying for the Product as required under Section 3.4 during periods of Economic Dispatch Down)].

More Definitions of Economic Dispatch

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

Economic Dispatch means that the related congestion management is based on the optimisation (minimisation) of dispatching (and redispatching) costs. It is the (centralised) system that fixes generation output level on the basis of offers and bids of generators/consumers.

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. (ED) means a mathematical optimisation model as described in Article 7 of the ERAA methodology;

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. 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.