The European electric market is going to be fully liberalized moving the problems, related to the minimization of the electric energy production cost, to the Independent Power Producers.

In the present paper, a computational code, developed by the Authors, to discover the management strategy permitting to minimize the total variable cost (in terms of fuel consumption) required by a power generation system to face a specific load demand, is described.

Subsequently, the code has been applied to an existing power generation system comparing the fuel consumption in different management strategies.

It has also emerged that the code may represent an useful advice in the power generation system upgrading feasibility, calculating the fuel saving obtainable with the addition of new or repowered units.

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