Performance evaluation of Evolutionary Programming and hybrid evolutionary programming for LMP determination at spot electricity market

The paper evaluates performance of Evolutionary Programming (EP) and Hybrid Evolutionary Programming (HEP) algorithm to find optimum Locational Marginal Price (LMP) at various buses of an IEEE-9 bus test system for load variation of 24 hours duration. Based on the figure of demerit, it is found that Hybrid Evolutionary Program yields superior results compared to Evolutionary Program.