| Title |
A Study on the Probabilistic Production Cost Calculation by the Developed EIGC Method. |
| Abstract |
The probabilistic production cost is calculated by the Expected Incremental Generation Cost Curve(EIGC) method based on the multi-state and multi-block operating conditions. For this, A new algorithm for determining production cost by the EIGC and the generation availability curve (GAC) had been developed in order to realize better economic olad dispatch and better reliability for power system operation. The simpler method for determining the EIGC and the GAC is proposed for convenience and saving in computation time. |