An Approach to Optimal Dispatch Scheduling Incorporating Transmission Security Constraints

The introduction of competition in electricity markets emphasizes the importance of sufficient transmission capacities to guarantee effective power transactions. Therefore, for the economic and stable electric power system operation, transmission security constrains should be incorporated into the dispatch scheduling problem. With the intent to solve this problem, we decompose a dispatch scheduling problem into a master problem(MP) and several subproblems(SPs) using Benders decomposition. The MP solves a general optimal power flow(OPF) problem while the SPs inspect the feasibility of OPF solution under respective transmission line contingencies. If a dispatch scheduling solution given by the MP violates transmission security constraints, then additional constraints corresponding to the violations are imposed to the MP. Through this iterative process between the MP and SPs, we derive an optimal dispatch schedule incorporating the post-contingency corrective rescheduling. In addition, we consider interruptible loads as active control variables since the interruptible loads can participate as generators in competitive electricity markets. Numerical examples demonstrate the efficiency of the proposed algorithm.