Economic dispatch in a microgrid through an iterated-based algorithm

This paper presents a new algorithm to solve economic dispatch (ED) as an optimization problem in power systems. A simple iterated-based algorithm has been developed. It starts with a guess and converges to the optimal point in such a way that the total generation cost of a microgrid is minimized. Since microgrid is considered as a lossless small network, the algorithm is supposed to solve the lossless economic dispatch problem. The proposed method applied on a microgrid consisting of three distributed energy resources (DERs) with convex type of cost functions. The problem was also solved by CPLEX solver as a quadratic programming problem (QP) and the obtained results of proposed algorithm were compared with its results. The comparison confirmed the capability of proposed method to solve ED problem since it was easy to implement with acceptable speed and accuracy.