A novel differential evolution algorithm for economic power dispatch problem

In power systems, Economic Power dispatch Problem (EPP) is an influential optimization problem which is a highly non-convex and non-linear optimization problem. In the current study, a novel version of Differential Evolution (NDE) is used to solve this particular problem. NDE algorithm enhances local and global search capability along with efficient utilization of time and space by making use of two elite features: selfadaptive control parameter and single population structure. The combined effect of these concepts improves the performance of Differential Evolution (DE) without compromising on quality of the solution and balances the exploitation and exploration capabilities of DE. The efficiency of NDE is validated by evaluating on three benchmark cases of the power system problem having constraints such as power balance and power generation along with nonsmooth cost function and is compared with other optimization algorithms. The Numerical outcomes uncovered that NDE performed well for all the benchmark cases and maintained a trade-off between convergence rate and efficiency.