Noiseless Consensus based Economic Dispatch Algorithm in conjunction with STATCOM Controller for Reactive Power Compensation in Islanded Microgrids to enhance Voltage and Power Stability

Economic Dispatch aims to minimize the total cost of operation/generation of microgrids while meeting all the defined constraints. Since microgrids consist of distributed generators, it is imperative for these generators to communicate seamlessly with each other without any losses and to ensure secure operation of the microgrid. With the use of distributed generators, noise is inherent in the system. This paper focuses on including noises as a constraint in an islanded microgrid to find a better economic dispatch solution. It also introduces a STATCOM controller for reactive power management. The controller will help provide stability to the microgrid's voltage, output power and phase angle. This will enhance the microgrid's performance and make it a more resilient system.