A review to economic dispatch of hybrid microgrids

Hybrid Microgrids are being widespread for power generation in remote locations. The improvement in non-conventional energy sources and rise in the price of existing electrical energy production sources led to the advancement of hybrid renewable sources. Economic characteristics of these technologies are adequately capable to include in emerging power generation. Advances and research in solar, wind and other non-conventional energy sources are required to continue for improving their performance, creating techniques for exactly forecasting their outputs and reliably integrating with other conventional sources used for generation. Economic dispatch is being taken into consideration as the optimal output of the electricity generation facilities. These are to be met as per the load at the lowest possible cost. The problem on Economic Dispatch (ED) and different technical constraints considering power balance in the network satisfying the objective are to be formulated. This paper presents a brief review on economic dispatch of hybrid microgrids.