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Abstract
In this paper, the traditional automatic generation control loop with modifications is incorporated for simulating automatic generation control (AGC) in restructured power system. Federal energy regulatory commission (FERC) encourages an open market system for price based operation. FERC has issued a notice for proposed rulemaking of various ancillary services. One of these ancillary services is load following with frequency control which comes broadly under Automatic Generation Control in deregulated regime. The concept of DISCO participation matrix is used to simulate the bilateral contracts in the three areas and four area diagrams. Hybrid particle swarm optimization is used to obtain optimal gain parameters for optimal transient performance.
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