Optimization of energy expenditure in smart homes under time-of-use pricing

Omowunmi Mary Longe, Khmaies Ouahada, Suvendi Rimer, Hendrik C. Ferreira

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

9 Citations (Scopus)

Abstract

Growing peak demand has necessitated the introduction of Time-of-Use (TOU) pricing to Demand Side Management (DSM) in order to cause some peak demand to be shifted from peak to off-peak periods. Therefore, in this work, a Daily Maximum Energy Scheduling (DMES) - DSM technique is proposed. The DMES-DSM device is proposed to be installed into consumers' smart meters and schedule energy consumption for smart appliances. The DMES-DSM technique was verified with real household data and shown to be capable of optimizing households' monthly energy expenditure below approved national energy expenditure threshold and also offer Peak Demand Reduction (PDR). It offered the household considered an average monthly financial savings of 22.44% and 36.73% in summer and winter respectively on electricity bills. Utility can also benefit from the PDR for grid stability and sustainability. Also, the optimized consumption pattern differs only slightly from initial consumption pattern for enhanced consumer satisfaction.

Original languageEnglish
Title of host publicationProceedings of the 2015 IEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2015
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781509012381
DOIs
Publication statusPublished - 19 Jan 2016
EventIEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2015 - Bangkok, Thailand
Duration: 3 Nov 20156 Nov 2015

Publication series

NameProceedings of the 2015 IEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2015

Conference

ConferenceIEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2015
Country/TerritoryThailand
CityBangkok
Period3/11/156/11/15

Keywords

  • Daily Maximum Energy Scheduling (DMES)
  • Demand Side Management (DSM)
  • Household income
  • Smart appliances
  • Time-of-Use (TOU)

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Control and Systems Engineering

Fingerprint

Dive into the research topics of 'Optimization of energy expenditure in smart homes under time-of-use pricing'. Together they form a unique fingerprint.

Cite this