This document presents a traditional approach called the lambda iteration method to solve the economic load dispatch (ELD) problem considering generator constraints. The ELD problem aims to minimize the total fuel cost while meeting demand and generator constraints. The lambda iteration method is implemented on a three-unit and six-unit system, with and without transmission losses, in MATLAB. The results show that considering transmission losses provides a more accurate solution to the ELD problem compared to ignoring losses. The lambda iteration method provides an effective traditional technique for solving the ELD problem.