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This study proposes a novel coordination mechanism for smart homes in a small-scale neighborhood. This mechanism deploys a price and incentive-based energy management algorithm that considers renewable energy sources and battery storage. The objective of the proposed coordination algorithm is to decrease the electricity bills of the smart homes by increasing renewable energy usage inside the neighborhood,...
Due to steady urbanization, the electrical grid is facing significant changes in the supply of resources as well as changes in the type, scale, and patterns of residential user demand. To ensure sustainability and reliability of electricity provision in the growing cities, a significant increase in energy generated from renewable sources (e.g., wind, solar) is required. However, renewable energy supply...
Renewable hybrid systems, which can generate power from solar or wind with low cost, is commonly installed in remote areas. When some areas get grid connection, customers installed the hybrid system can earn cost savings if taking part in demand response programs. In this paper an optimal energy management for a grid connected photovoltaic-battery hybrid system is proposed to sufficiently utilize...
The Electric Reliability Council of Texas (ERCOT) launched a nodal market in December 2010, aiming at benefiting customers who are willing to curtail or shift their loads to help improve system reliability. Demand response (DR) programs may stimulate users to change their electricity consumption patterns based on electricity prices and incentives. Senate Bill 1125 allows residential and commercial...
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