Demand response (DR) strategy provides an opportunity to electricity consumers
to participate in making power system reliable by managing their electricity consumption. Due to increasing population, a lot of energy is consumed in the residential sector. Therefore, in this thesis, we propose an optimal scheme to systematically manage the energy consumption in residential area. Electricity cost and
peak to average ratio reduction are the main goals of this study. Furthermore,
reduction in imported electricity from the external grid is also the objective of
this study. The proposed scheme schedules smart appliances and electrical vehicle (EV) charging/discharging optimally according to the consumers’ preferences.
Each consumer has its own grid-connected microgrid for electricity generation;
which consists of wind turbine, solar panel, micro gas turbine and energy storage
system (ESS). On the other hand, a real time forecasting of wind speed and temperature has been performed using an artificial neural network for efficient energy
management. Furthermore, the scheduling problem is mathematically formulated
and solved by mixed integer linear programming (MILP). We also provide the
comparison of the optimal solutions, while considering EV with and without discharging capabilities. Findings from simulations affirm our proposed scheme in
terms of above-mentioned objectives.
After solving home energy management and EV charging/discharging problem using MILP, power trading problem is considered in this thesis to earn maximum
profit and proper utilization of renewable energy sources (RES). This problem is
solved using two well-known heuristic approaches: the cuckoo search algorithm
(CSA) and strawberry algorithm (SA). In our proposed scheme, a smart home
decides to buy or sell electricity from/to the commercial grid for minimizing electricity costs and PAR with earning maximization. It makes a decision on the basis
of electricity prices, demand and generation from its own microgrid. In this case,
the microgrid also consists of a wind turbine and solar panel. Electricity generation from the solar panel and wind turbine is intermittent in nature. Therefore,
ESS is also considered for stable and reliable power system operation. We test our
proposed scheme on a set of different case studies. The simulation results affirm
our proposed scheme in terms of electricity cost and PAR reduction with profit
maximization. Furthermore, a comparative analysis is also performed to show the
ixlegitimacy and productiveness of CSA and SA
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