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The economic issue is an essential element to determine whether DG should be installed or not. This work presents the economical approach for multi-type DGs placement in microgrid systems with more comprehensive overview from DG’s owner perspective. Adaptive Real Coded GA (ARC-GA) with replacement process is developed to determine the location, type, and rating of DGs so as the maximum profit is achieved. The objectives of this paper are maximizing benefit cost and minimizing expenditure cost. All objectives are optimized while maintaining the bus voltage at the acceptable range and the DGs penetration levels are below of the DGs capacities.The proposed method is applied on the 33 bus microgrids systems using conventional and renewable DG technology, namely Photovoltaic (PV), Wind Turbine (WT), Micro Turbine (MT) and Gas Turbine (GT). The simulation results show the effectiveness of the proposed approach.

Optimal Expenditure and Benefit Cost Based Location, Size and Type of DGs in Microgrids Systems Using Adaptive Real Coded Genetic Algorithm