This paper presents a new algorithm and computation approach to solve the economic load dispatch (ELD) in electrical power systems. We applied a new power formula to solve the ELD problem. If production units cost curves are represented properly then ELD becomes more correct. In this respect we assumed that production units have prohibited operating zones. Cost curves of the production units are generally accepted as piece-wise quadratic function. The power production is cheaper since we do not use the production units in the prohibited operating zones. The proposed method and algorithm are compared to other ELD methods on the standard test systems. The proposed method solve the dispatch problem faster than the other ELD methods.
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