A Mixed Integer Linear Programming Method for Dynamic Economic Dispatch with Valve Point Effect

Abstract: In this paper, a mixed integer linear programming (MILP) formulation is proposed to solve the dynamic economic dispatch with valve-point effect (DED-VPE). Based on piecewise linearization technique, the non-convex and non-smooth generation cost is reformulated into a linear lower approximation which is better than the quadratic one, yielding an MILP formulation for the DED-VPE. When the segment parameter is set appropriately, the MILP formulation can be solved by a mixed integer programming (MIP) solver directly and efficiently. Thus, a global optimal solution within a preset tolerance can be guaranteed for the MILP formulation. Simulation results show that the proposed MILP formulation can be solved to reliable solutions in reasonable time.