Conference Paper

Home Energy Management using Optimization Techniques

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Abstract

In this paper, authors calculate the performance of single home by implementing the hybridization of two techniques, i.e. Elephant Herding Optimization (EHO) and Enhanced Differential Evolution (EDE). Appliances are categorized in three different types on the basis of their usage. For the calculation of electricity bill, Real Time Pricing (RTP) is used. The objective of this paper, is to minimize the cost and Peak to Average Ratio (PAR) and to maximize the user comfort. However, results explain that there is a trade off between user comfort and cost. Moreover, in this paper, connection between electricity cost and power consumption is verified through solution space. Results explain that proposed technique performs better in terms of PAR and user comfort and EDE performs better in terms of cost.

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Chapter
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In this paper combined demand side management strategy for residential consumers is studied for five households in South Africa. This study is twofold; the first part proposes an energy management system that combines demand side management strategies with a view of minimizing the consumer’s cost and reducing the power consumption from the grid. Appliance scheduling with a dedicated photovoltaic and storage system under time-of-use tariff shows that customers can realize cost savings and the power demanded from the grid is reduced by optimal scheduling of power sources. In the second part of this study, a model is developed to investigate the joint influence of price and CO2 emissions. It is found that CO2 emissions could give customers an environmental motivation to shift loads during peak hours, as it would enable co-optimization of electricity consumption costs and carbon emissions reductions. It is also demonstrated that the consumer’s preferences on the cost sub-functions of energy, inconvenience and carbon emissions affects the consumption pattern. These results are important for both the consumer and the electricity suppliers, as they illustrate the optimal decisions considered in the presence of trade-offs between multiple objectives. A further study crucial to the consumer on economic analysis of PV and battery system showed that the consumer could recoup their initial investment within 5 years of their investment.
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Smart pricing methods using auction mechanism allow more information exchange between users and providers, and they can meet users' energy demand at a low cost of grid operation, which contributes to the economic and environmental benefit in smart grid. However, when asked to report their energy demand, users may have an incentive to cheat in order to consume more while paying less, causing extra costs for grid operation. So it is important to ensure truthfulness among users for demand side management. In this paper, we propose an efficient pricing method that can prevent users' cheating. In the proposed model, the smart meter can record user's consumption information and communicate with the energy provider's terminal. Users' preferences and consumption patterns are modeled in form of a utility function. Based on this, we propose an enhanced AGV (Arrow-d'Aspremont-Gerard-Varet) mechanism to ensure truthfulness. In this incentive method, user's payment is related to its consumption credit. One will be punished to pay extra if there is a cheat record in its consumption history. We prove that the enhanced AGV mechanism can achieve the basic qualifications: incentive compatibility, individual rationality and budget balance. Simulation results confirm that the enhanced AGV mechanism can ensure truth-telling, and benefit both users and energy providers.
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Various forms of demand side management (DSM) programs are being deployed by utility companies for load flattening amongst the residential power users. These programs are tailored to offer monetary incentives to electricity customers so that they voluntarily consume electricity in an efficient way. Thus, DSM presents households with numerous opportunities to lower their electricity bills. However, systems that combine the various DSM strategies with a view to maximizing energy management benefits have not received sufficient attention. This study therefore proposes an intelligent energy management framework that can be used to implement both energy storage and appliance scheduling schemes. By adopting appliance scheduling, customers can realize cost savings by appropriately scheduling their power consumption during the low peak hours. More savings could further be achieved through smart electricity storage. Power storage allows electricity consumers to purchase power during off-peak hours when electricity prices are low and satisfy their demands when prices are high by discharging the batteries. For optimal cost savings, the customers must constantly monitor the price fluctuations in order to determine when to switch between the utility grid and the electricity storage devices. However, with a high penetration of consumer owned storage devices, the charging of the batteries must be properly coordinated and appropriately scheduled to avoid creating new peaks. This paper therefore proposes an autonomous smart charging framework that ensures both the stability of the power grid and customer savings.
Demand Side Management in Nearly Zero Energy
  • N Javaid
  • S M Hussain
  • I Ullah
  • M A Noor
  • W Abdul
  • A Almogren
  • A Alamri
Javaid, N., Hussain, S.M., Ullah, I., Noor, M.A., Abdul, W., Almogren, A. and Alamri, A., 2017. Demand Side Management in Nearly Zero Energy Buildings Using Heuristic Optimizations. Energies, 10(8), p.1131.
Load Shifting Technique on 24Hour Basis for a Smart-Grid to Reduce Cost and Peak Demand Using Particle Swarm Optimization
  • K S S Kumar
  • M G Naik
Kumar, K.S.S. and Naik, M.G., 2017. Load Shifting Technique on 24Hour Basis for a Smart-Grid to Reduce Cost and Peak Demand Using Particle Swarm Optimization.