A New Approach To Economic Load Dispatch Of Power System Using Imperialist Competitive Algorithm

Electrical power industry restructuring has introduced a highly vibrant and competitive market which altered revolutionized many aspects of the power industry. In this changed scenario, the scarcity of energy resources, the ever increasing power generation cost, environmental concerns, ever growing demand for electrical energy necessitate optimal economic dispatch. Practical economic dispatch (ED) problems have nonlinear, non-convex type objective function with intense equality and inequality constraints. The conventional optimization methods are not able to solve such problems due to local optimum solution convergence. In the past decade, Met heuristic optimization techniques especially Imperialist Competitive Algorithm (ICA) has gained an incredible recognition as the solution algorithm for such type of ED problems. The application of ICA in ED problem which is considered as the most complex optimization problem has been summarized in present paper.

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