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Without implementing economic optimization, distribution network operator needs to buy electricity of 3.51 MWh on average from the utility (transmission system) to meet the load demands every hour, which costs 289.54 £/h.
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When there is economic optimization in distribution network considering DGs, distribution network operators can buy electricity from DGs close to the end consumers.
Therefore, the economic optimization of distribution networks considering RTP can save electricity procurement costs in distribution networks effectively.
The objective of the economic optimization for distribution network operators is to minimize the electricity purchasing costs of distribution network operators.
The economic optimization of distribution network operators considering RTP can use the active characteristics of present distribution networks and builds a direct economic relationship between distribution networks and domestic consumers.
That means the company wants to be involved in "the measurement, the optimization, the distribution, the planning".
Based on practical situations, following assumptions have been made for accomplishing economic optimization in distribution networks.
Hence, the day-ahead RTP is more suitable for day-ahead optimization of distribution networks.
Open image in new window Fig. 1 System structure of economic optimization at distribution networks.
Both the planning problems are used to illustrate mono- and multi-objective optimization of distribution networks.
The research results can provide a reference for the geometrical optimization of distribution manifolds.
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