ENERGY MANAGEMENT BASICS AND TUTORIALS
Generation control and ED minimize the current cost of energy production and transmission within the range of available controls. Energy management is a supervisory layer responsible for economically scheduling production and transmission on a global basis and over time intervals consistent with cost optimization. For example, water stored in reservoirs of hydro plants is a resource that may be more valuable in the future and should, therefore, not be used now even though the cost of hydro energy is currently lower than thermal generation. The global consideration arises from the ability to buy and sell energy through the interconnected power system; it may be more economical to buy than to produce from plants under direct control. Energy accounting processes transaction information and energy measurements recorded during actual operation as the basis of payment for energy sales and purchases. Energy management includes the following functions: . System load forecast: Fo...