Main Article Content
Abstract
In modern world, the electrical power productions plays a vital role for satisfy the time varying power demands. So, it is very important that the generation on electrical power is transmitted and distributed economically to satisfy the power constraint. In power system the electric power can be generated in various ways, but it is furthermost important to decide, how generated power should be dispatched at most economical way. In order to tackles all these issues, these days lot of heuristics, meta-heuristics and nature inspired algorithm are playing a significant role in modern economy. This proposed research presents a technical review of recently developed heuristics, meta-heuristics and nature inspired algorithm along with its advantages and disadvantages, which can be used as a quick reference for the researchers, who are working in similar area. Further, the similar optimization algorithms can be explored to solve the Economic Load Dispatch problem of realistic power system considering BESS Based Ancillary Services