Smart Grid Implementation of the Industrial Sector: A Case of Economic Dispatch

In the development of smart grid solutions, the contribution of industrial consumers is prime essential to ensure the energy system transformation. The present article introduces a covenant with the implementation of an economic dispatch (ED) in the electrical framework with the smart grid. The proposed ED strategy is comprised of two steps; the first step includes the swarm optimization technique of energy ED with the net loss of the power system and the second step consists of an ED that considers the cutoff points of system security. The prime goal of the second step is to minimize the net loss and the foundation development of the generator cost function. The test framework is comprised of four generators with one battery storage apparatus that considers the energy demand. The ED will perform for 24 hours. The test results show that the two-step ED technique not only reduces system losses but also the fuel consumption of the system as well. This article gives ideas to the industrial consumers to implement a smart grid in the industrial sector.