Automatic Generation Control (AGC) plot for two area inter-connected thermal to thermal Deregulated Power System (DPS) utilizing Unscheduled Interchange (UI) price signal, which has an effect on the power markets is proposed in the paper. Unscheduled Interchange price is one of the most important parts of Availability Based Tariff (ABT) which goes about as an optional control system for regulating the grid frequency. These UI price signals vacillate according to change in grid frequencies which can be open by the participants (generator or load) associated with the grid. The customary AGC system, however, attempts to carry the error of frequency to 0, yet it will be an ineffectual answer for taking an interest producing penalty deviations with frequency. This plan additionally gives the system operator adaptability to plan the generation in an ideal way. In this examination, the execution of a Proportional Integral (PI) controller is proposed because beneficial AGC of 2 area thermal and thermal deregulated system works under the impacts of bi-lateral contracts over the dynamics. The tuning of PI controller parameters is illuminated by utilizing a Moth-Flame Optimization (MFO) algorithm. Further to improve the AGC performance, the Hydrogen Energy Storage (HES) units is incorporated into its control area which can adequately moist the electromechanical motions in a power system, as they give guarantee from the storage limit notwithstanding the generator rotors dynamic energy which can share abrupt deviations in power requirement. The Thyristor Controlled Phase Shifter is proposed in arrangement with tie line between any inter-connected areas that may be applied to balance out frequency motions of the area by fast control of power in tie line over the interconnections. Execution of HES-TCPS units' blend captures the underlying frequency fall just as the power deviations in tie line for an abrupt load unsettling influence and the outcomes show that the charges of UI are extensively limited while keeping up at normal frequency worth. Furthermore, proposed strategy yields an eminent decrease in the control input deviation yet, in addition, guarantees superior soundness for the unscheduled interchange price signals therefore, the market participants can get benefit accordingly.