A New Residential Load Management System in Presence of Variable Load and Market Price

Abstract

Abstract:Modern smart grids are a combination of advanced structures to make the energy supply to the costumers more reliable and flexible. Variable pricing can affect this process and usage of the smart home appliances. The storage systems in variable pricing environment can help the customers to take advantage of varying in tariffs to optimize their incomes and outcomes. The basic structure of using distributed storage systems in a single home can be modified to optimize its benefits. In this paper, a comparison between the old configuration of smart homes having storage systems and a modified storage structure is done. First, load commitment problem for different users is being performed. Afterwards, the storage system has been condensed for the user to show the effectiveness of the proposed method. At the end, to compensate the additional costs to the customer, the pretending acting method is introduced.