Demand side management strategy for smart building using multi-objective hybrid optimization technique

This study proposes a home energy management system that uses the load-shifting technique for demand-side management as a way to improve the energy consumption patterns of a smart house. This system's goal is to optimize the energy of household appliances in order to effectively regulate load demand, with the end result being a reduction in the peak-to-average ratio (PAR) and a consequent minimization of electricity costs. This is accomplished while also keeping user comfort as a priority. Load scheduling based on both a next-day and real-time basis is what is used to meet the load demand requested by energy customers. In addition to providing a fitness criterion, utilizing a multi-objective hybrid optimization technique makes it easier to achieve an equitable distribution of workload between on-peak and off-peak hours. Moreover, the idea of developing coordination among home appliances in order to achieve real-time rescheduling is now being studied as a concept. Because of the inherent parallels between the two problems, the real-time rescheduling issue is framed as a knapsack problem and is solved using a dynamic programming strategy. The performance of the suggested methodology is evaluated in this study in relation to real-time pricing (RTP), time-of-use pricing (ToU), and crucial peak pricing (CPP). The simulation findings, which were assessed using a confidence interval that was set at 95%, provide proof of the relevance that has been shown to be associated with the proposed optimization method. During scheduling RTP signal showcases a minimum PAR of 2.22 and a cost reduction of 24.06% for HAG compared to the unscheduled case. Under the TOU tariff, HAG manages to reduce PAR by 46.14% and cost by 20.44%. Similarly, in the case of CPP, HAG outperforms by reducing PAR by up to 29.5% and cost by up to 31.47%.