Intelligent techno-economical optimization with demand side management in microgrid using improved sandpiper optimization algorithm

Abstract The energy management system is established in the microgrid system for optimally integrating the Distributed Energy Resources (DERs) and generating the power distribution grids. At last, diverse mechanisms have been highly concentrated on cost reduction and at the same time, both the technical indices and economic factors are considered. Thus, this research work suggests a new heuristic algorithm termed Modified Sandpiper optimization algorithm (M-SOA) for optimal integration of DER-like Photo Voltaic (PV), wind turbines, and Energy Storage Systems (ESS) into microgrids. Here, the techno-economical optimization with ISOA is designed for determining the optimal capacity of PV, Wind Turbine, and ESS via the multi-objective function concerning measures like network power losses, voltage fluctuations, Electricity Supply Costs, initial cost, operation cost, fuel cost, and demand side management. Finally, the optimal energy management is done on distributed energy resources, and this developed model experiments on the IEEE-33 bus network. Throughout the result analysis, the developed M-SOA obtains 3.84 %, 0.98 %, 5.72 %, and 4.63 % better performance with less latency than the AGTO, BOA, WOA, and SOA. Finally, the result evaluation is done for minimizing the Electricity Supply Costs, initial cost, operation cost, and fuel cost and maximize energy efficiency.