Economic load dispatch

Economic Load Dispatch (ELD) is a process used by power system operators to determine the most cost-effective way to distribute electrical power generation among various plants. The goal is to meet the total electricity demand efficiently by minimizing fuel costs while adhering to each generator's capacity limits and operational constraints. This ensures reliable supply at the lowest possible cost, reducing fuel consumption and emissions. Essentially, ELD balances supply and demand optimally across the power grid, maximizing efficiency and cost savings without compromising system stability or performance.