An integrated residence smart grid system with enhanced energy management for batteries

Abstract

Residential consumers can efficiently engage in demand response programs with the help of home energy management systems (HEMSs). The best scheduling of gas, oil, coal, and uranium appliances has yet to be considered by traditional HEMSs, which exclusively control domestic electric devices to lower the cost of electricity usage. The associated demand response (DR) for smart homes is then adjusted to lessen the difference between predicted and actual demand after comparing the actual price to this forecast. Data acquired by Nordpool and publicly available energy information have been used to test the proposed strategy about price demand forecast and DR management. The function is to reduce energy costs for the home and the dissatisfaction brought on by moving, cutting, and replacing loads by changing prices over time. Case studies with accurate data show that the suggested strategy can return on investment bills by up to 85% while maintaining their satisfaction.