The distribution of total generation requirements among alternative sources for optimum system economy with consideration to both incremental generating costs and incremental transmission losses.
The allocation of demand to individual generating units on line to effect the most economical production of electricity.
The process of determining the desired generation level for each of the generating units in a system in order to meet customer demand at the lowest possible production cost given the operational constraints on the system.
The start-up, shutdown and allocation of load to individual generating units to effect the most economical production of electricity for customers. See also Dispatching.
Meeting total demand at the lowest possible production cost by determining the optimal production level for each of the generating units on a system, taking into account potential transmission and other constraints.
Economic dispatch is the method of determining the most efficient, low-cost and reliable operation of a power system by dispatching the available electricity generation resources to supply the load on the system. The primary objective of economic dispatch is to minimize the total cost of generation while honoring the operational constraints of the available generation resources.
