Electrical grid operations using on forecast horizon planning

An electric grid operation system, comprising:

• one or more processors;
• and
• a computer-readable storage device coupled to the one or more processors and having instructions stored thereon which, when executed by the one or more processors, cause the one or more processors to perform operations comprising:
• selecting a forecast horizon based on a forecasting error rate of the electric grid;
• performing an optimization process for dispatch planning of the electrical grid for the selected forecasting horizon;
• automatically operating one or more power sources of the electrical grid in accordance with the dispatch planning for a first time increment;
• and
• performing an optimization process for dispatch planning for subsequent time increments within the selected horizon after the first time increment has elapsed.

Computer-readable storage media coupled to one or more processors and having instructions stored thereon which, when executed by the one or more processors of an electric grid operation system, cause the one or more processors to perform operations comprising:

• selecting a forecast horizon based on a forecasting error rate of the electric grid;
• performing an optimization process for dispatch planning of the electrical grid for the selected forecasting horizon;
• automatically operating one or more power sources of the electrical grid in accordance with the dispatch planning for a first time increment;
• and
• performing an optimization process for dispatch planning for subsequent time increments within the selected horizon after the first time increment has elapsed.