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2021 | OriginalPaper | Chapter

Renewable Energy and Economic Dispatch Integration Within the Honduras Electricity Market

Authors : Pablo Meraz, Wilfredo C. Flores, Harold R. Chamorro, Jacobo Aguillon-Garcia, Alireza Soroudi, Francisco Gonzalez-Longatt, Vijay K. Sood, Wilmar Martinez

Published in: Renewable Energy and Future Power Systems

Publisher: Springer Singapore

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Abstract

A critical aspect of power systems is the generation cost of plants in producing the electrical energy required by consumers, this cost will be finally reflected in the monthly consumption bill. A nonoptimal dispatch will produce high tariffs while a well-designed dispatch will result in the lowest generation costs and, therefore, the lowest possible tariffs. The purpose of the present study is precisely to design a strategy to find the generation plan that produces the lowest possible costs and then make a comparison between an optimal economic dispatch that considers generation and transmission without energy contracts versus the dispatch that includes the 2017 energy purchase contracts signed by the state of Honduras. To achieve this goal, this study formulates the cost equation, capacity, and transmission line constraints, and then applies the nonlinear programming techniques to solve it.

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Title: Renewable Energy and Economic Dispatch Integration Within the Honduras Electricity Market
Authors: Pablo Meraz
Wilfredo C. Flores
Harold R. Chamorro
Jacobo Aguillon-Garcia
Alireza Soroudi
Francisco Gonzalez-Longatt
Vijay K. Sood
Wilmar Martinez
Publisher: Springer Singapore
Book: Renewable Energy and Future Power Systems
Print ISBN: 978-981-336-752-4

Electronic ISBN: 978-981-336-753-1

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-981-33-6753-1_1