REVIEW OF DYNAMIC ECONOMIC DISPATCH IN MICROGRID

Microgrid provide a comprehensive strategic partnership with conventional methods to fulfil energy need globally. Microgrid provide energy need individually or with association with distributed energy resource such as solar, wind etc. energy supply mechanism should be economically beneficially for distributor and efficient. A Varity of cost optimization method available for reducing the generation cost for conventional as well as microgrid operation. Cost optimization techniques mainly classified with three sub categories such as conventional or traditional, artificial or computerized and hybrid or mixed based (conventional and AI) techniques. This review paper provides a comprehensive view to analysis these techniques.