Patent ID: 8606420
Filing Date: 2013-12-10
Classification: G05B,G06Q,H02J

Abstract:
1. A method for determining an amount of an electric power to generate in an electric power system and determining a total cost for generating the amount of electric power while satisfying at least one contingency constraint and one or more customer request, the method comprising: creating, by using a computing system including at least one memory device and at least one processor connected to the memory device, an optimization problem for calculating the amount of the electric power to be generated and a total cost for generating the calculated amount of the electric power while meeting the at least one contingency constraint and the one or more customer request, the at least one contingency constraint including one or more of: a transmission line failure, a power generator failure, a transformer failure, a structure of a power distribution network, and a topology of the power distribution network; running, by using the computing system, the optimization problem in real-time; and outputting, from the optimization problem run by the computing system, an output specifying the calculated amount of the electric power and the total cost to generate the calculated amount of the electric power.