2015
DOI: 10.17148/ijireeice.2015.3327
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Development of Infrastructue for Residential Load to Reduce Peak Demand and Cost of Energy in Smart Grid

Abstract: The renewable energy sources like solar and wind power will be economical in future due to upward pressure in fossil fuel prices, progress in renewable technologies as well as economy scale resulting from large scale production of renewable energy sources. As the usage of renewable energy sources will increase, decentralized supply and demand side management will be used instead of conventional centralized supply side management in future smart grids. Smart meters offer solution to this by allowing more sophis… Show more

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Cited by 4 publications
(3 citation statements)
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“…The sensing functionality is carried out by different types of embedded sensors and smart meters to detect the status of different areas of the grid in a real-time manner. The smart grid should support the two-way data transmission links between the control centers and the sensors [56]. Control instructions are transmitted from/to sensors or smart meters fixed in different places to support reliable and stable access to grid components and also to guarantee the high-performance operations of the smart grid.…”
Section: Case Studymentioning
confidence: 99%
“…The sensing functionality is carried out by different types of embedded sensors and smart meters to detect the status of different areas of the grid in a real-time manner. The smart grid should support the two-way data transmission links between the control centers and the sensors [56]. Control instructions are transmitted from/to sensors or smart meters fixed in different places to support reliable and stable access to grid components and also to guarantee the high-performance operations of the smart grid.…”
Section: Case Studymentioning
confidence: 99%
“…Where C hmg is the cost to get PL from in-house mini microgrid, P hmg is price for bidding and H hbm is hourly payback amount of investment. P hmg is the sum of multiple factors as shown in Equation (3).…”
Section: Details Of Oelcmentioning
confidence: 99%
“…The power will be provided to remaining appliances in the next time slot of off-peak hours. In this way grid remains stable and the cost of electricity for end consumer is reduced [3]. Spiliotis et.…”
Section: Optimizing Electricity Load and Cost For Demand Side Managemmentioning
confidence: 99%