In the recent restructured power system scenario and complex market strategy, operation at absolute minimum cost is no longer the only criterion for dispatching electric power. The economic load dispatch (ELD) problem which accounts for minimization of both generation cost and power loss is itself a multiple conflicting objective function problem. In this paper, a modified shuffled frog-leaping algorithm (MSFLA), which is an improved version of memetic algorithm, is proposed for solving the ELD problem. It is a relatively new evolutionary method where local search is applied during the evolutionary cycle. The idea of memetic algorithm comes from memes, which unlike genes can adapt themselves. The performance of MSFLA has been shown more efficient than traditional evolutionary algorithms for such type of ELD problem. The application and validity of the proposed algorithm are demonstrated for IEEE 30 bus test system as well as a practical power network of 203 bus 264 lines 23 machines system.
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