Abstract
This article presents a methodology to determine optimal locations and sizes of DGs (Distributed Generator) and DSCs (D-STATCOM) simultaneously in a radial distribution network during a daily load pattern to improve the techno-economic benefits. An effective weighted objective function has been designed to address daily power loss minimization of the three techno-economic benefits, improvement of daily voltage profile and maximization of net annual savings due to the placement of DGs and DSCs. A repetitive backward-forward sweep based load flow has been used to calculate the daily power loss and bus voltages. To optimize the designed objective function, an efficient and simple nature-inspired wind driven optimization (WDO) algorithm has been used. To validate the effectiveness of the proposed methodology, different scenarios are considered and a detailed outcome analysis is presented.
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