N. Kumar - Research Scholar, Department of Electrical Engineering, Deenbandhu Chhotu Ram University of Science and Technology, Murthal, Sonipat, Haryana, India
S. Dahiya - Department of Electrical Engineering, Deenbandhu Chhotu Ram University of Science and Technology,Murthal, Sonipat, Haryana, India
K.P. Singh Parmar - National Power Training Institute, Faridabad, Haryana, India

Economic dispatch (ED) is one of the key problem in power systems. ED tends to minimize the fuel/operating cost by optimal sizing of conventional generators (CG). Greenhouse/toxic gas emission is one of the major problem associated with the CG. Emission dispatch (EMD) deals with the reduction of greenhouse/toxic gas emissions by the optimal output of generators. The multi-objective economic emission dispatch (MOEED) problem has been formulated by considering both fuel cost and emission objectives. The main objective is optimization of fuel cost and environmental emissions from the CG in a compromised way. In this paper, CONOPT solver in General Algebraic modeling system (GAMS) has been proposed to find the the optimal solutions for ED, EMD, and MOEED problems of a microgrid. The microgrid consists of a wind turbine generator (WTG), a photovoltaic (PV) module, three CGs, and a battery energy storage system (BESS) option. The proposed algorithm has been implemented in four case studies, including all energy sources, without WTG, without PV module, and without renewable energy sources (RES). To establish the effectiveness of the proposed algorithm, it has been compared with various algorithms. The comparison result shows that proposed algorithm is more effective, novel, and powerful. Finally, result shows the effectiveness of proposed approach to optimize the objective function for all aforementioned case studies and the CONOPT solver in GAMS outperformed all the approaches in comparison. The impact of BESS on the operating/fuel cost of the microgrid has also been presented for ED. Paradigm is changing in terms of demand response in µG. Demand flexibility (DF) model has also been established with consumers demand variation in optimization process. Result with DF shows the reduction in cost and better management from demand side.

Economic Dispatch, Emission dispatch, energy storage, General algebraic modeling system, Islanded microgrid