With the emergence of automated environment,
energy demand by consumer is increasing day by day. More than
80% of total electricity is being consumed in residential sector.
In this paper, a heuristic optimization technique is proposed for
the efficient utilization of energy sources to balance load between
demand and supply sides. An optimization technique is proposed
which is a hybrid of Enhanced differential evolution (EDE)
algorithm and Gray wolf optimization (GWO). The proposed
scheme is named as hybrid gray wolf differential evolution
(HGWDE) . It is applied for home energy management (HEM)
with the objective function of cost minimization and reducing
peak to average ratio (PAR). Load shifting is performed from
on peak hours to off peak hours on basis of user preference
and real time pricing (RTP) tariff defined by utility. However,
there is a trade off between user comfort and above mentioned
parameters. To validate the performance of proposed algorithm,
simulations have been carried out in MATLAB. Results illustrate
that PAR and electricity bill have been reduced to 53.02%, and
12.81% respectively.