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Liberalization and restructuring of power sector changes the task of power system control substantially. Efficient control of operating regimes becomes especially important in competitive markets.
Generation scheduling is an important component of power systems operation in a market environment. Electricity demand in different areas depends on local marginal prices in the wholesale market. The paper presents a model for mid-term optimization of electricity generation in the hydrothermal power systems. The scheduling aims to minimize total production cost. Elasticity of consumer demand is taken...
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