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DSM in an area consisting of residential, commercial and industrial load in smart grid

DSM in an area consisting of residential, commercial and industrial load in smart grid Abstract With the latest introduction of the demand side management (DSM) in smart grids, the power distribution units are able to modify the load schedules of the consumers. This involves a co-operative interaction of the utility and the consumers so as to achieve customer load modifications in which the customer, utility and society all are benefited. The interaction is performed with the help of the devices known as the smart meter. This paper shows the use of game theory and logical mathematical expressions in order to achieve the objectives. The objectives are to minimize the peak to average ratio (PAR) and the energy cost. The outcome of the game between supplier and customers helps to shape the load profile. The design proposed in this paper is very user-friendly and is based on simple logarithmic programming computations. In this paper, residential, commercial and industrial types of loads are taken into account. A basic 24 h load schedule along with the fluctuating prices at each hour of the day is forecasted by the supplier of the various shiftable and non-shiftable loads and then that schedule is conveyed to the user. The users are encouraged to shift their high load devices to off-peak hours which will not only reduce their electricity costs but also substantially reduce the PAR in the load demand. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png "Frontiers in Energy" Springer Journals

DSM in an area consisting of residential, commercial and industrial load in smart grid

"Frontiers in Energy" , Volume 9 (2): 6 – Jun 1, 2015

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Publisher
Springer Journals
Copyright
2015 Higher Education Press and Springer-Verlag Berlin Heidelberg
ISSN
2095-1701
eISSN
2095-1698
DOI
10.1007/s11708-015-0351-0
Publisher site
See Article on Publisher Site

Abstract

Abstract With the latest introduction of the demand side management (DSM) in smart grids, the power distribution units are able to modify the load schedules of the consumers. This involves a co-operative interaction of the utility and the consumers so as to achieve customer load modifications in which the customer, utility and society all are benefited. The interaction is performed with the help of the devices known as the smart meter. This paper shows the use of game theory and logical mathematical expressions in order to achieve the objectives. The objectives are to minimize the peak to average ratio (PAR) and the energy cost. The outcome of the game between supplier and customers helps to shape the load profile. The design proposed in this paper is very user-friendly and is based on simple logarithmic programming computations. In this paper, residential, commercial and industrial types of loads are taken into account. A basic 24 h load schedule along with the fluctuating prices at each hour of the day is forecasted by the supplier of the various shiftable and non-shiftable loads and then that schedule is conveyed to the user. The users are encouraged to shift their high load devices to off-peak hours which will not only reduce their electricity costs but also substantially reduce the PAR in the load demand.

Journal

"Frontiers in Energy"Springer Journals

Published: Jun 1, 2015

References