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This study aims to present a novel optimization technique to solve the combined economic emission dispatch (CEED) problem considering transmission losses, valve-point loading effects, ramp rate limits and prohibited operating zones. This is one of the most complex optimization problems concerning power systems.

The proposed algorithm has been called advanced particle swarm optimization (APSO) and was created by applying several innovative modifications to the classic PSO algorithm. APSO performance was tested on four test systems having 14, 40, 54 and 120 generators.

The suggested modifications have improved the accuracy, convergence rate, robustness and effectiveness of the algorithm, which has produced high-quality solutions for the CEED problem.

The results obtained by APSO were compared with those of several other techniques, and the effectiveness and superiority of the proposed algorithm was demonstrated. Also, because of its superlative characteristics, APSO can be applied to many other engineering optimization problems. Moreover, the suggested modifications can be easily used in other population-based optimization algorithms to improve their performance.

The efficiency of the emission trading system (ETS) may help to control the total emission amount. The purpose of this paper is to investigate the generating cost issue in environmental/economic power dispatch, under the premise that the ETS has already been established.

The emission benefit and price level factors are introduced for transforming the bi‐objective optimization problem with the fuel cost and emission cost minimization into a single objective. In the developed mathematical model, both the total emission amount from all units and the permitted emission amount from each generating unit are taken into account. The successive linear programming method is employed to solve the optimization problem.

Simulation results of the IEEE 30‐bus test system show that a proper trading mechanism of emission permits is very important for generation companies to control the total emission amount and to reduce the overall generation cost.

Further research is needed to find out the impact on the generating cost caused by trading price fluctuation and the coping strategies.

The results can help to meet the requirements of current generating optimal dispatch.

Currently, more renewable energy resources with advanced technology levels are incorporated in the electric power networks. Under this circumstance, the attainment of optimal economic dispatch is very much essential by the power system as the system requires more power generation cost and also has a great demand for electrical energy. Therefore, one of the primary difficulties in the power system is lowering the cost of power generation, which includes both economic and environmental costs. This study/paper aims to introduce a meta-heuristic algorithm, which offers an solution to the combined economic and emission dispatch (CEED).

A novel algorithm termed Levy-based glowworm swarm optimization (LGSO) is proposed in this work, and it provides an excellent solution to the combined economic and emission dispatch (CEED) difficulties by specifying the generation of the optimal renewable energy systems (RES). Moreover, in hybrid renewable energy systems, the proposed scheme is extended by connecting the wind turbine because the thermal power plant could not control the aforementioned costs. In terms of economic cost, emission cost and transmission loss, the suggested CEED model outperforms other conventional schemes genetic algorithm, Grey wolf optimization, whale optimization algorithm (WOA), dragonfly algorithm (DA) and glowworm swarm optimization (GSO) and demonstrates its efficiency.

According to the results, the suggested model for Iteration 20 was outperformed GSO, DA and WOA by 23.46%, 97.33% and 93.33%, respectively. For Iteration 40, the proposed LGSO was 60%, 99.73% and 97.06% better than GSO, DA and WOA methods, respectively. The proposed model for Iteration 60 was 71.50% better than GSO, 96.56% better than DA and 95.25% better than WOA. As a result, the proposed LGSO was shown to be superior to other existing techniques with respect to the least cost and loss.

This research introduces the latest optimization algorithm known as LGSO to provide an excellent solution to the CEED difficulties by specifying the generation of the optimal RES. To the best of the authors’ knowledge, this is the first work that utilizes LGSO-based optimization for providing an excellent solution to the CEED difficulties by specifying the generation of the optimal RES.

The purpose of this paper is to focus on the cost-effective and environmentally sustainable operation of thermal power systems to allocate optimum active power generation resultant for a feasible solution in diverse load patterns using the grey wolf optimization (GWO) algorithm.

The economic dispatch problem is formulated as a bi-objective optimization subjected to several operational and practical constraints. A normalized price penalty factor approach is used to convert these objectives into a single one. The GWO algorithm is adopted as an optimization tool in which the exploration and exploitation process in search space is carried through encircling, hunting and attacking.

A linear interpolated price penalty model is developed based on simple analytical geometry equations that perfectly blend two non-commensurable objectives. The desired GWO algorithm reports a new optimum thermal generation schedule for a feasible solution for different operational strategies. These are better than the earlier reports regarding solution quality.

The proposed method seems to be a promising optimization tool for the utilities, thereby modifying their operating strategies to generate electricity at minimum energy cost and pollution levels. Thus, a strategic balance is derived among economic development, energy cost and environmental sustainability.

A single optimization tool is used in both quadratic and non-convex cost characteristics thermal modal. The GWO algorithm has discovered the best, cost-effective and environmentally sustainable generation dispatch.

Technological development has not only helped in effective integration of renewable sources but also made it possible for consumers to participate in system operation. Different market players are coming up in the electricity market, microgrid being one of them. Thus, this paper aims to investigate consumers’ role in the dispatch of a microgrid system that has a hybrid market structure under varied system conditions.

The mathematical model developed has been solved by the CONOPT solver in the GAMS optimization tool. GAMS-MATLAB interfacing is done to obtain solutions.

The problem formulated shows the effect of consumers in dispatch and overall operational cost. Consumers’ participation has been proposed through a quadratic cost function. The system operation under pool and bilateral contracts has been investigated. It shows that proper incentives to the consumers can help in reduction and effective management of the demand, carbon emission and overall system operational cost.

This paper considers the hybrid market structure to find the load dispatch in a microgrid system. The participation of consumers in the microgrid system has been implemented considering variations in wind power, solar power and load. The power exchange between the grid and microgrid system has been modeled showing the contribution of the consumers in system operation.

To improve power system peak dispatching ability, connecting energy-storage device such as electric vehicle (EV) and regenerative electric heater (REH) to power grid is a good choice.

This paper establishes a multi-energy combined peak dispatching system MCPDS which includes EV, REH and wind power. The matter-element extension model based on improved variable weight theory is applied to evaluate MCPDS synthetic benefit.

The research shows that the MCPDS established in this paper performs excellently in security benefit, economic benefit, social benefit and environmental benefit.

With the assistance of energy storage devices such as EV and REH, the electrical system peak dispatching ability and power system operation efficiency has improved. More devices with energy-storage ability should be introduced into electrical power system to improve its synthetic benefit.

Dynamic economic and emission dispatch (DEED) aims to optimally set the active power generation with constraints in a power system, which should target minimum operation cost and at the same time minimize the pollution in terms of emission when the load dynamically changes hour to hour. The purpose of this study is to achieve optimal economic and emission dispatch of an electrical system with a renewable generation mix, consisting of 3-unit thermal, 2-unit wind and 2-unit solar generators for dynamic load variation in a day. An improved version of a simple, easy to understand and popular optimization algorithm particle swarm optimization (PSO) referred to as a constriction factor-based particle swarm optimization (CFBPSO) algorithm is deployed to get optimal solution as compared to PSO, modified PSO and red deer algorithm (RDA).

Different model with and without wind and solar power generating systems; with valve point effect is analyzed. The thermal generating system (TGs) are the major green house gaseous emission producers on earth. To take up this ecological issue in addition to economic operation cost, the wind and solar energy sources are integrated with the thermal system in a phased manner for electrical power generation and optimized for dynamic load variation. This DEED being a multi-objective optimization (MO) has contradictory objectives of fuel cost and emission. To get the finest combination of the two objectives and to get a non-dominated solution the fuzzy decision-making (FDM) method is used herein, the MO problem is solved by a single objective function, including min-max price penalty factor on emission in the total cost to treat as cost. Further, the weight factor accumulation (WFA) technique normalizes the pair of objectives into a single objective by giving each objective a weightage. The weightage is decided by the FDM approach in a systematic manner from a set of non-dominated solutions. Here, the CFBPSO algorithm is applied to lessen the total generation cost and emission of the thermal power meeting the load dynamically.

The efficacy of the contribution of stochastic wind and solar power generation with the TGs in the dropping of net fuel cost and emission in a day for dynamic load vis-à-vis the case with TGs is established.

Cost and emission are conflicting objectives and can be handled carefully by weight factors and penalty factors to find out the best solution.

The proposed methodology and its strategy are very useful for thermal power plants incorporating diverse sources of generations. As the execution time is very less, practical implementation can be possible.

As the cheaper generation schedule is obtained with respect to time, cost and emission are minimized, a huge revenue can be saved over the passage of time, and therefore it has a societal impact.

In this work, the WFA with the FDM method is used to facilitate CFBPSO to decipher this DEED multi-objective problem. The results reveal the competence of the projected proposal to satisfy the dynamic load demand and to diminish the combined cost in contrast to the PSO algorithm, modified PSO algorithm and a newly developed meta-heuristic algorithm RDA in a similar system.

The ever-stringent environmental regulations force power producers to produce electricity at the cheapest price and with minimum pollutant emission levels. The electrical power generation from fossil fuel releases several contaminants into the air, and this becomes excrescent if the generating unit is fed by multiple fuel sources (MFSs). Inclusion of this issue in operational tasks is a welcome perspective. This paper aims to develop a multi-objective model comprising total fuel cost and pollutant emission.

The cost-effective and environmentally responsive power system operations in the presence of MFSs can be recognised as a multi-objective constrained optimisation problem with conflicting operational objectives. The complexity of the problem requires a suitable optimisation tool. Ant lion algorithm (ALA), the most recent nature-inspired algorithm, was used as the main optimisation tool because of its salient characteristics. The fuzzy decision-making mechanism has been integrated to determine the best compromised solution in the multi-objective framework.

This paper is the first to propose a more precise and practical operational model for studying a multi-fuel power dispatch scenario considering valve-point effects and CO₂ emission. The modern meta-heuristic algorithm ALA is applied for the first time to address the economic operation of thermal power systems with multiple fuel options.

Power companies aim to make profit by abiding by the norms of the regulatory board. To achieve economic benefits, the power system must be analysed using an accurate operational model. The proposed model integrates total fuel cost, valve-point loadings and CO₂ emission, which are prevailing power system operational objectives. The economic advantages of the operational model can be observed through economic deviation indices, and the performed analysis validates that the developed model corresponds to the actual power operation.

The realistic operational model is proposed by considering total fuel and pollutant emission, and the ALA is applied for the first time to address the proposed multi-objective problem. To validate the effectiveness of ALA, it is implemented in standard test systems with varying generating units (10-100) and the IEEE 30 bus system, and various kinds of power system operations are performed. Moreover, the comparison and performance analysis confirm that the current proposal is found enhanced in terms of solution quality.

The aim of this paper is to compare the performance of static VAR compensator (SVC) and unified power flow controller (UPFC) in dynamic economic dispatch (DED) problem. DED schedules the online generator outputs with the predicted load demands over a certain period so that the electric power system is operated most economically. During last decade, flexible alternating current transmission systems (FACTS) devices are broadly used for maximizing the loadability of existing power system transmission networks. However, based on the literature survey, the performance of SVC and UPFC incorporated in the DED problem and its cost–benefit analysis are not discussed earlier in any of the literature.

Here, the DED problem is solved applying ABC algorithm incorporating SVC and UPFC. The following conditions are investigated with the incorporation of SVC and UPFC into DED problem: the role of SVC and UPFC for improving the power flow and voltage profile and the approximate analysis on cost recovery and payback period with SVC and UPFC in DED problem.

The incorporation of FACTS devices reduces the generation cost and improves the stability of the system. The percentage cost recovered with FACTS devices is estimated approximately using equated monthly installment (EMI) and non-EMI scheme. It is clear from the illustrations that the installation of FACTS devices is profitable after a certain period.

In this research work, the generation cost with FACTS devices is only taken into account while calculating the profit. The other benefits like congestion management, cost gained due to land and cost due to stability issues are not considered. For future work, these things can be considered while calculating the benefit.

The originality of the work is incorporation of FACTS devices in DED problem and approximate estimation of recovery cost with FACTS devices in DED problem.

The purpose of this paper is to deal with the economic requirements of power system loading dispatch and reduce the fuel cost of generation units. In order to optimize the scheduling of power load, an improved chicken swarm optimization (ICSO) is proposed to be adopted, for solving economic load dispatch (ELD) problem.

The ICSO increased the self-foraging factor to the chicks whose activities were the highest. And the evolutionary operations of chicks capturing the rooster food were increased. Therefore, these helped the ICSO to jump out of the local extreme traps and obtain the global optimal solution. In this study, the generation capacity of the generation unit is regarded as a variable, and the fuel cost is regarded as the objective function. The particle swarm optimization (PSO), chicken swarm optimization (CSO), and ICSO were used to optimize the fuel cost of three different test systems.

The result showed that the convergence speed, global search ability, and total fuel cost of the ICSO were better than those of PSO and CSO under different test systems. The non-linearity of the input and output of the generating unit satisfied the equality constraints; the average ratio of the optimal solution obtained by PSO, CSO, and ICSO was 1:0.999994:0.999988. The result also presented the equality and inequality constraints; the average ratio of the optimal solution was 1:0.997200:0.996033. The third test system took the non-linearity of the input and output of the generating unit that satisfied both equality and inequality constraints; the average ratio was 1:0.995968:0.993564.

This study realizes the whole fuel cost minimization in which various types of intelligent algorithms have been applied to the field of load economic scheduling. With the continuous evolution of intelligent algorithms, they save a lot of fuel cost for the ELD problem.

The ICSO is applied to solve the ELD problem. The quality of the optimal solution and the convergence speed of ICSO are better than that of CSO and PSO. Compared with PSO and CSO, ICSO can dispatch the generator more reasonably, thus saving the fuel cost. This will help the power sector to achieve greater economic benefits. Hence, the ICSO has good performance and significant effectiveness in solving the ELD problem.