The pursuit of achieving total power network observability in smart grids using Phasor Measurement Units (PMUs) carries a significant promise of real-time Wide-Area Monitoring, Protection, and Control (WAMPAC). PMU applications eliminate periodical measurements, thereby increasing accuracy through a high sampling rate of the measured power systems quantities. The high costs of installation of PMUs for total power system observability presents a challenge in the implementation of PMUs. This is due to the expensive costs of PMU devices. This has led to a prominent optimal PMU placement (OPP) problem that researchers tirelessly aim to solve by ensuring a complete power network observability while using the least installed PMU devices possible. In this paper, a novel Binary Firefly Algorithm (BFA) based on the node degree centrality scores of each bus is proposed to minimize PMU installations. The BFA solves the OPP problem in consideration of the effect of Zero Injection Buses (ZIBs) under normal operation and single PMU outage (SPO). The robustness and efficiency of the proposed algorithm is tested on IEEE-approved test systems and visualized with a force-directed technique on an undirected power network graph. The proposed BFA yields the same but better optimal PMU numbers, obtained by existing meta-heuristic optimization techniques found in the literature for each of the IEEE test cases, as well as highlighting the cost–benefit of having a robust system against single PMU loss while considering the ZIB effect for an improved system measurement availability.
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