The concept of smart grid was introduced a decade ago. Demand side management (DSM) is one of the crucial aspects of smart grid that provides users with the opportunity to optimize their load usage pattern to fill the gap between energy supply and demand and reduce the peak to average ratio (PAR), thus resulting in energy and economic efficiency ultimately. The application of DSM programs is lucrative for both utility and consumers. Utilities can implement DSM programs to improve the system power quality, power reliability, system efficiency, and energy efficiency, while consumers can experience energy savings, reduction in peak demand, and improvement of system load profile, and they can also maximize usage of renewable energy resources (RERs). In this paper, some of the strategies of DSM including peak shaving and load scheduling are highlighted. Furthermore, the implementation of numerous optimization techniques on DSM is reviewed.
High energy consumption, rising environmental concerns and depleting fossil fuels demand an increase in clean energy production. The enhanced resiliency, efficiency and reliability offered by microgrids with distributed energy resources (DERs) have shown to be a promising alternative to the conventional grid system. Large-sized commercial customers like institutional complexes have put significant efforts to promote sustainability by establishing renewable energy systems at university campuses. This paper proposes the integration of a photovoltaic (PV) system, energy storage system (ESS) and electric vehicles (EV) at a University campus. An optimal energy management system (EMS) is proposed to optimally dispatch the energy from available energy resources. The problem is mapped in a Linear optimization problem and simulations are carried out in MATLAB. Simulation results showed that the proposed EMS ensures the continuous power supply and decreases the energy consumption cost by nearly 45%. The impact of EV as a storage tool is also observed. EVs acting as a source of energy reduced the energy cost by 45.58% and as a load by 19.33%. The impact on the cost for continuous power supply in case of a power outage is also analyzed.
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