Transmission Prices for Bilateral Contracts and Optimization of Pool Contracts using GA and ABC

Sushil Gupta, H. D. Sharma


A study on IEEE 26 Bus System has been presented in this research work for calculating Transmission Prices for Bilateral Contracts between GENCOs and DISCOs at different buses. Intelligent techniques have been applied to minimize pool prices and optimizing pool generation by minimizing Transmission losses. The intelligent techniques used are conventional dispatch method, genetic algorithm and artificial bee colony. MW-mile method is used to calculate the transmission pricing. The results of these techniques are compared, which show economic dispatch using GA+ELD is better than ABC as well as conventional economic load dispatch techniques. 

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