Network Losses-based Economic Redispatch for Optimal Energy Pricing in a Congested Power System.

An efficient, low-cost and reliable operation of a power system by adjusting the available electricity generation resources to supply demand of the system is required to ensure satisfied economic plant dispatching. This paper proposes a scheme for economic redispatch model considering the transmission issues such as transmission congestion and network losses, in order to obtain an optimal energy price in supporting competitive electricity market under deregulated environment of a power system. [ABSTRACT FROM AUTHOR]