High penetration of renewable energy in the future power system will pose a big problem to the load dispatch operation. The large disturbance and high forecast error must be considered when scheduling a limited number of controllable generators to follow rapid change in load. This paper proposes a dynamic economic load dispatch (DELD) problem approach based on the concept of a feasible operation region (FOR). FOR is defined as the region that committed generators may operate in to match the load profile without violating the ramp-rate constraints. The DELD problem is solved in two stages. In the first stage, FOR of each generator is computed using recent real-time forecasted load as well as renewable energy generation. In the second stage, a generation schedule is determined by solving the DELD problem interval by interval while considering ramp-rate constraints and FOR constraints. The method can gives feasible solution for feasible load and specify the amount of compensation required for feasible solution for infeasible load. © 2013 Institute of Electrical Engineers of Japan. Published by John Wiley & Sons, Inc.