Abstract: Economic Dispatch (ED) is one of the most
challenging problems of power system since it is difficult to determine
the optimum generation scheduling to meet the particular load demand
with the minimum fuel costs while all constraints are satisfied. The
objective of the Economic Dispatch Problems (EDPs) of electric
power generation is to schedule the committed generating units
outputs so as to meet the required load demand at minimum operating
cost while satisfying all units and system equality and inequality
constraints. In this paper, an efficient and practical steady-state genetic
algorithm (SSGAs) has been proposed for solving the economic
dispatch problem. The objective is to minimize the total generation
fuel cost and keep the power flows within the security limits. To
achieve that, the present work is developed to determine the optimal
location and size of capacitors in transmission power system where,
the Participation Factor Algorithm and the Steady State Genetic
Algorithm are proposed to select the best locations for the capacitors
and determine the optimal size for them.