Abstract
In last decades, grey wolf optimizer algorithm as a new meta-heuristic optimization technique plays major role in optimization of engineering problems such as load forecasting, controller parameter tuning and job scheduling. In this paper, grey wolf optimization (GWO) is used to optimize the microgrid system for effective dispatching of power to load with economic manner. The model of microgrid system components are developed and investigated in the MATLAB/Simulink platform. The vital objective of the proposed grey wolf algorithm is to minimize overall cost of the microgrid operation. The detailed investigation is carried out on power dispatch optimization and cost minimization for both modes, i.e. island and grid-connected modes of the microgrid system with considering the impact of running costs. From the analysis, the cost of the overall system is optimized effectively, and load sharing is done effectively by means of GWO.
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