Demand side management for solving environment constrained economic dispatch of a microgrid system using hybrid MGWOSCACSA algorithm

Abstract Microgrids are a type of restricted power distribution systems in which electricity is generated, transmitted, and distributed within a small geographic region. They are used to ensure that renewable energy sources are used to their full potential. Microgrids provide further benefits, such as lowering transmission losses and the expenses associated with them. This research compares and contrasts the aims of economic dispatch, emission dispatch, fractional programing based combined economic emission dispatch, and environmental restricted economic dispatch (ECED). A low‐voltage microgrid system is investigated for three different scenarios. As a study optimization tool, an innovative, resilient, and strong hybrid swarm‐intelligence optimization algorithm is utilised, which is based on combining the properties of the traditional grey‐wolf optimiser, sine‐cosine algorithm, and crow search algorithm. The employment of a time‐of‐use energy market pricing approach instead of a fixed pricing plan resulted in a 15% decrease in generation costs throughout the course of the research. When ECED was assessed with a 15%–20% demand side management based restructured load demand model for the microgrid system, the generation costs were reduced even further.