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Managing the electricity system becomes increasingly challenging, calling for modifications of the current electricity market. High fluctuations in power generation could make the introduction of dynamic end-consumer electricity pricing reasonable. Furthermore, the prediction of end-consumers’ power consumption would get easier when charging the maximum power capacity, instead of the consumed energy...
A smart power grid transforms the traditional electric grid into a user centric, intelligent power network. This paper addresses the cost optimization problem in the smart grid from the users' perspective. A home owner can install diverse energy generators and storage devices to reduce the dependency on external energy sources. The widespread utilization of green energy sources creates uncertainty...
The success of the smart grid mostly depends on the wide-spread participation of users. The potential for profit and the cost saving features of smart grids are excellent motivating factors to involve users in the smart grid implementation. In this survey paper, we first discuss the cost saving strategies for the smart grid from the user's perspective. Then, we present a brief discussion on the methods...
The smart grid opens the possibility for Demand Response (DR) programs. In order for end-users to obtain the maximal benefit from DR programs, low priority load should be shifted from the high energy price periods or should be operated at reduced power levels. To that end, this paper proposes a linear programming model which reschedules the household appliances at relatively lower energy price periods...
Wireless sensor networks (WSNs) will play a key role in the extension of the smart grid towards residential premises, and enable various demand and energy management applications. Efficient demand-supply balance and reducing electricity expenses and carbon emissions will be the immediate benefits of these applications. In this paper, we evaluate the performance of an in-home energy management (iHEM)...
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