SCED.
Last Updated: June 22, 2025
Relevante items: Security Constrained Unit Commitment Locational Marginal Price
Source:
PJM’s Real-Time Reliability Model is a computer representation of the power system facilities in the PJM RTO and other Balancing Authorities that may impact the reliable operation of the PJM system. The model resides and is maintained by the PJM staff on the PJM Energy Management System (EMS). The PJM EMS Network Application programs utilize the model to continuously calculate the real-time state and determine the security of the PJM system. The Security Constrained Economic Dispatch (SCED) dispatches every generator in the model. The model is also used to calculate real-time Locational Marginal Prices. The model is created and maintained from input data received by PJM from various sources including Transmission Owners, Generation Owners, Load Serving Entities, and other Balancing Authorities. The model is only as accurate as the input data used to derive it; therefore, timely and accurate data updates are critical.
Source:
SCED is a mathematical model that generates the most economic resource dispatch during Real-time operations while considering key system operating constraints, such as power balance, reserve requirements
The Objective Function include:
- Resource Energy Costs
- Price Responsive Demand Value
- Import Transaction Costs
- Export Transaction Value
- Regulation Reserve Costs
- Synchronized Reserve Costs
- Non-Synchronized Reserve Costs
- Secondary Reserve Costs
The Constraints include:
- Power Balance Constraint
- Transmission Constraints
- Resource Capacity Constraints
- Resource’s Ramp Rate Constraints
- Reserve Requirement Constraints