Abstract

This Paper deals with the Price Based Load Frequency Control (PBLFC) using optimizedgain of integralcontroller with three different system marginal cost cases of single area four generator schemes. Case one having System Marginal Cost (SMC) value more than the nominal Unscheduled Interchange (UI) rate. Case two having system marginal cost value less than the nominal UI rate. Case three illustrates about the peak load condition following sudden loss of large generation to see whether PBLFC can handle such event or not. Particle Swarm Optimization (PSO) technique has been used to optimize gain of integral controllers in case one and two. An attempt has been made to achieve effective system frequency response using optimized gain controllers and also to explore the change in profit earned by Generation Companies (Gencos) in both the cases. For the analysis, UI rate of the year 2012, issued by Central Electricity Regulation Commission (CERC, INDIA) is used.

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