Comparison of Artificial Intelligence-Based Solutions Applied to Economic Load Dispatch Problem

Abstract

The electric power system network is rapidly becoming more and more complex to meet energy requirements. With the development of integrated power systems, it becomes all the more necessary to operate the plant units most economically. More recently, soft computing techniques have received more attention and have been used in a number of successful and practical applications. In the chapter, artificial intelligence-based modern optimization techniques, the genetic algorithm (GA), particle swarm optimization (PSO), and differential evolution (DE), are used to solve the economic load dispatch related problems. In the chapter, the minimum cost is computed by adopting the genetic algorithm, PSO, and DE using the data from 15 generating units. Data has been taken from the published works containing loss coefficients are also given with the maximum-minimum power limits and cost function. All the techniques are implemented in MATLAB environment. Comparing the results obtained from GA, DE, and PSO-based method, better convergence was found in the PSO-based approach.