A slack-bus-independent loss sensitivity approach for optimal day-ahead generation scheduling

In a power system, the incurred transmission loss and the associated sensitivity factors are dependent on the selection of the slack bus and the dispatch. In this paper, a fast two-stage, hydro-thermal generation scheduling process, which is also inclusive of the system power loss, is proposed. A novel approach towards estimating power loss sensitivity factors is presented which is independent of the choice/location of the slack bus in the network. In addition to this, the approach identifies the loss incurred by the operation of different market players including the generation and distribution companies for penalizing. Mixed integer linear programming is used to model the said optimal day-ahead scheduling problem. The two-stage process employed is such that the first stage is applied only in the planning stage, while second is a fast responsive algorithm suitable for very short-term applications. A real network, Vietnam Power Grid, is used for testing this proposed approach, and the results obtained demonstrated that there is significant reduction in the electricity cost and total transmission loss.