Genetic Algorithms Application to Electric Power Systems

With the opening of the power industry to competition, the power system structure is changing. According to these changes, power system operation, planning, and control need modifications. In the past, utilities had to produce power to satisfy their customers with objective to minimize costs and all demand/reserve were met. However, it is not necessary in a restructured system. Under new structure, generation companies schedule their generators with objective to maximize their own profit without regard for system social benefit. Power and reserve prices become important factors in decision process.