Demand Side Management and Dynamic Economic Dispatch Using Genetic Algorithms

Abstract

The purpose of this work is to find the optimal energy management mix in order to maximize the benefit for the client by minimizing the bill and reducing losses by optimizing the energy distribution in the network. There exist two smart grid management problems: demand side management (DSM) and dynamic economic dispatch (DED). DSM consists of modifying electricity consumption patterns with reference to the overall consumption picture, consumption time profile, and contractual supply parameters in order to achieve savings in electricity charges. DED aims at providing the ideal share of electricity produced corresponding to the overall energy request of users and the generated power. Research works in the literature dealt with DSM or DED issues independently. In this work, genetic algorithms will be used to solve DSM and DED problems, considering them as two complementary stages in the optimization process.