Optimal Adjustments on the Market Dispatch Solution to Supply System Losses

This paper proposes an Optimal Power Flow (OPF) problem to obtain a balanced power system operating condition from the solution of a market dispatch. The goal of this OPF problem is to correct the system power imbalance due to transmission losses. The solution provided by the proposed OPF problem corresponds to the generation power adjustments required to achieve the system power balance in an economically optimal manner. The performance of the proposed model is tested on the IEEE One Area RTS-96 benchmark system. The obtained base-case operating condition is compared with others obtained by two variations of the proposed model.