A sequential hybridization of ETLBO and IPSO for solving reserve‐constrained combined heat, power and economic dispatch problem

The explosive demand for electricity and ecological concerns has necessitated the operation of power networks in a more cost‐effective approach. In recent years, the integration of combined heat and power units has presented a potential answer to these problems; nevertheless, a new difficult challenge has emerged: finding an optimal solution for simultaneous dispatch of power and heat. Therefore, to tackle this problem, this work presents an intelligent sequential algorithm based on a hybridization of an enthusiasm‐aided teaching and learning‐based optimization algorithm (ETLBO) with an improved version of particle swarm optimization (IPSO). The proposed method can simultaneously minimize total generating costs while considering a variety of physical and operational limitations. In addition, this research designed an adaptive violation constraint management approach combined with the formulated hybridized optimization algorithm to ensure system constraints' safe preservation during the optimization process. Finally, the performance of the proposed method is compared to the recently developed metaheuristic algorithms as well as Knitro and IPOPT (industrially used optimization packages), in which the ETLBO‐IPSO outperforms all the other methods.