FIPSO Algorithm Based Energy and Cost Optimization In Microgrid

In this paper, the modified form of well known heuristic PSO search algorithm known as fully informed PSO (FIPSO) algorithm is proposed to optimize the energy and cost to reduce the frequent fluctuation of energy sources output in a microgrid. The conventional PSO suffers from the premature convergence that limit the energy optimization and cost reduction. The effectiveness of the suggested FIPSO algorithm is contrasted with the conventional PSO and it is noticed that the suggested algorithm outperforms the existing method. Several computer simulations have been performed using Matlab environment to investigate the performance of the energy sources with and without optimization algorithm.