Abstract

n this study, a novel approach to dynamic economic dispatch for multi-region power systems is introduced, leveraging the alternating direction multiplier method (ADMM) for computational efficiency. The method begins by dividing an interconnected power system into coherent groups, assigning local processors to each area to estimate black-box transfer function models using Lagrange multipliers. These processors then collaborate to form a global transfer function model through a consensus algorithm, leading to the derivation of a transfer function residue for the optimal wide-area control loop. A wide-area damping controller is designed from this residue, and its effectiveness is validated on two area and IEEE-39 bus test systems using RTDS/RSCAD and MATLAB co-simulation platforms. Simultaneously, the study proposes an economic scheduling model that aims to minimize operational costs while meeting various operational constraints. By severing inter-regional connections, the ADMM enables distributed resolution of the optimization problem, breaking it down into regional sub-problems that are iteratively solved to reach the global optimum. This process eliminates the need for a centralized data repository for multiplier updates, supporting a fully distributed scheduling approach. Additionally, a multi-period optimization technique is integrated to address the power system’s temporal dependencies. The approach's validity is demonstrated through empirical analysis of a tri-regional interconnected system based on the IEEE standard test system, confirming the strategy's effectiveness in economic dispatch.

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