A swank raccoon yin yang pair optimization (RYi-YaP) model for solving economic load dispatch (ELD) and combined emission dispatch (CED) problems

Abstract

Scheduling power generators to decrease costs and meet system restrictions is known as economic load dispatch, or ELD, in power systems. While earlier research works have demonstrated strategies to lower production costs and carbon dioxide emissions, an ideal distribution of costs and pollutants must be taken into account, resulting in Combined Emission Dispatch (CED). The main contribution of this study is the formulation of a new hybrid meta-heuristic model for solving the ELD and CED problem, called the Raccoon Yin Yang Pair Optimization (RYi-YaP) model. To minimize the fuel costs in order to maximize the financial advantages of power systems. Power balance and generator power limit are two restrictions that are focused on in this work in order to efficiently optimize the ELD process. In addition, a thorough analysis is conducted to investigate the performance of the proposed approach under various load conditions. The generators must meet the load requirement with the least amount of gearbox loss in order to guarantee safe operation. This study also considers some of the most popular and widely used optimization procedures for a comprehensive performance comparison and evaluation. The performance of the proposed approach is found to be quite satisfactory when compared to the previously reviewed approaches.