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The concept of demand response, although is not new, is becoming more and more interesting among private companies in restructured environments. Demand side potentials can be the solution of several issues such as required huge investments, market powers, energy efficiency, and environmental issues. Home load management problem, as an automated tool for activating the potential of small residential...
This paper addresses the problem of electricity and thermal cost management for a domestic customer who installed a combined heat and power (CHP) in his/her house. Real-time electricity prices provide consumers the opportunity to respond to the price changes and hence, reduce their electricity bills. CHP systems also provide home owners the opportunity to reduce their total energy costs. Automatic...
Electricity prices based on real-time pricing (RTP) strategy provides consumers the opportunity to respond to the price changes and hence, reduce their electricity bills. Automatic home load control systems also help consumers to simply manage their usage profile more efficiently. This paper proposes a stochastic formulation for automatic home load controllers to schedule the operation period of various...
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