Economic challenges, technological advancements, and environmental impacts are now demanding distributed generation (DG) in the place of the conventional centralized generation [18]. Power operation companies are now confronted with unprecedented difficulties in terms of meeting the load requirements, consumer satisfaction, and environmental considerations. Thus, DG has received good attention because of its potential to alleviate pressure from the main transmission system by supplying a few local loads [1]. The waste heat generated from the fuel to electricity conversion is exploited by the distributed generation system (DGS) with the help of microturbines, reciprocating engines, and fuel cells to provide heat and power to the customers. Adding to the system distributed energy sources (DES) like photovoltaic (PV) panels, wind turbines (WTs), energy storage devices such as batteries and capacitors, generators extracting energy from other renewable and controllable loads can provide momentous contributions to future energy generation and distribution. Another noteworthy feature is that the carbon emission is reduced to a large extent satisfying the commitment of many nations concerning decrease of carbon footprints [8]. However, the DG faces technical issues regarding its connection to the intermittent renewable generation and feeble areas of the distribution network. Further, owing to the distinct behavior of the DG unlike the conventional load, alteration in power flow results in problems. To counter the irregular behavior and increasing penetration of the DG, the microgrid (MG) was introduced.The concept of MG has received considerable attention owing to its potential to serve as an alternate power source, utilizing unconventional sources and supplying the most critical loads of the main grid in case of a network failure. MGs are low voltage networks or distributed energy systems which provide heat and power to a particular area by employing generators and loads. They have the ability to operate independently and isolate themselves from the main grid in case of a fault [4,5,26]. If proper control techniques are implemented, they may improve the reliability of electrical energy supply. MG comprises of microturbines, WTs, fuel cells, PV