“…In recent years, the power system is witnessing an unprecedented and alarming increase in demand for quality and secure electrical energy, due to the population growth, rising standards of living and recursive increase in technological development under contingency and restructured market environment. This increase in demand has not been adequately compensated by sufficient generation and transmission capacities, owing to economic, political and environmental constraints that limit the utility companies from expanding their generation and transmission facilities [1][2][3]. Therefore, the present-day researchers are focusing more attention on innovative solutions and technologies with improved energy planning and the use of smart technologies to better the system efficiency, stability and security [4,5].…”