Monenco was awarded the contract in oman to study Security Constrained Economic Dispatch in Oman System MIS Grid with consideration of Market obligation in Oman Power System. the client is Oman Electricity Transmission Company.
With the deepening of the electric power industry’s market-oriented reform process, the electric power generation economic dispatch has gradually transformed into a market-based economic dispatch problem. The best solution to consider Security-Constrained Economic Dispatch (SCED) together with electricity market is to have real-time control with the capability to consider a significant number of generation resources and transmission network elements together with load demands. Therefore, it is essential to have a reliable and secure EMS\SCADA system which responds rapidly to system changes for maintaining power system reliability, while selecting the lowest cost generators to dispatch. In this regard, the overall performance of the system operator can be reflected by how well available generation resources are utilized to meet the demand in the most efficient manner.