Price Aware Residential Demand Response With Renewable Sources and Electric Vehicle

The demand response approach has become an essential regulatory option to drive the future smart grid. As per the conventional power system with thermal generation, it is not able to meet the future growing energy demand which leads the application of smart grid with an incorporation of renewable energy sources as a solution. The demand response programs offer the inclusion of renewable sources and electric vehicle as a solution to meet the demand at the peak periods when the electricity grid charges are very high. The load demand of user can be managed by employing the electric vehicle for households. This paper presents a demand response framework to build an economic and appropriate approach to meet the user demand in the smart grid structure. The residential user comprises different energy consuming loads in terms of various appliances such as base load, shiftable appliances, EV load, and storage system. The framework present here build a optimization structure where each user gets freedom and privacy to schedule their appliances. The simulation results demonstrate the economic benefits reaped by the customers are highly motivational to execute such approach in practical scenarios.