A Solution to Non-convex/Convex and Dynamic Economic Load Dispatch Problem Using Moth Flame Optimizer

Abstract

Moth flame optimization algorithm is novel nature inspired heuristic paradigm inspired by navigation method of moths in nature and based on the concept that the moth eventually converges toward the light. This paper presents the application of MFO algorithm for the solution of non-convex and dynamic economic load dispatch problem of electric power system. The performance of MFO algorithm is tested for non-convex, convex and dynamic economic load dispatch problem of seven IEEE benchmarks and the results are verified by a comparative study with lambda iteration method, particle swarm optimization algorithm, genetic algorithm (GA), artificial bee colony, evolutionary programming (EP) and grey wolf optimizer (GWO). Also, in the proposed research, the impact of renewable energy sources (i.e. wind and solar) has been taken into consideration along with conventional thermal power generating units. Also, critical analysis has been made for percentage cost saving with due consideration of solar and wind power units and it has been experimentally observed that the addition of renewable energy sources to conventional thermal power system results in significant cost saving. Comparative results show that the performance of Moth Flame Optimizer Algorithm is better than recently developed GWO algorithm and other well known heuristics and meta-heuristics search algorithms.