Economic Load Dispatch Using Computational Techniques

Abstract: This research paper introduces the importance of economic dispatch in a power system. Economic dispatch was the method used in allocating the output power of each generator to achieve the optimal dispatch to reduce fuel cost to the minimum. The research paper discusses how the economic dispatch problem can be solved by using the methods of Particle Swarm Optimization (PSO) and Lambda Iteration (LI). These methods were applied in IEEE-30 busses systems. The system was tested on a few loads demands to find out the total fuel cost, power losses, and computational time.