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A bi-objective joint optimization planning approach that combines component sizing and short-term operational planning into a single model with demand response strategies to realize a techno-economically feasible renewable energy-based microgrid is discussed in this paper. The system model includes a photovoltaic system, wind turbine, and battery. An enhanced demand response program with dynamic pricing devised based on instantaneous imbalances between surplus, deficit, and the battery’s power capacity is developed. A quantitative metric for assessing energy storage performance is also proposed and utilized. Emergency, critical peak pricing, and power capacity-based dynamic pricing (PCDP) demand response programs (DRPs) are comparatively analyzed to determine the most cost-effective planning approach. Four simulation scenarios to determine the most techno-economic planning approach are formulated and solved using a mixed-integer linear programming algorithm optimization solver with the epsilon constraint method in Matlab. The objective function is to minimize the total annualized costs (TACs) while satisfying the reliability criterion regarding the loss of power supply probability and energy storage dependency. The results show that including the DRP resulted in a significant reduction in TACs and system component capacities. The cost-benefit of incorporating PCDP DRP strategies in the planning model increases the overall system flexibility.

This paper proposes a real‐time interactional pricing scheme to maximize the social welfare of players in real‐time demand response program in smart grids. Lagrangian relaxation–based dual decomposition is used to separate the social welfare optimization problem into a retailer's problem along with many consumers' subproblems, and the gradient projection method is adopted to solve them. First, the consumers' subproblems are solved to determine the optimal demand responses to the price announced by the retailer. To obtain the optimal demand response, a comprehensive mathematical function is developed on the basis of a combination of 5 costumer's utility functions reported in literature (ie, linear, potential, logarithmic, exponential, and hyperbolic). Afterward, the retailer calculates a real‐time price in response to the consumers' reactions to maximize its profit. In terms of practical implementation, the consumers and the retailer interact with each other via a limited number of control messages exchanges to find the optimal solution at each hour. The proposed method is evaluated considering the various retailer's cost functions and the consumers' behaviors. Also, the results of elasticity sensitivity analysis are presented from the retailer and consumer viewpoints.

There will be a dearth of electrical energy in the prospective world due to exponential increase in electrical energy demand of rapidly growing world population. With the development of internet-of-things (IoT), more smart devices will be integrated into residential buildings in smart cities that actively participate in electricity market via demand response (DR) programs to efficiently manage energy in order to meet this increasing energy demand. Thus, with this incitement, an energy management strategy using price-based DR program is developed for IoT-enabled residential buildings. We propose a wind-driven bacterial foraging algorithm (WBFA), which is a hybrid of wind-driven optimization (WDO) and bacterial foraging optimization (BFO) algorithms. Subsequently, we devised a strategy based on our proposed WBFA to systematically manage the power usage of IoT-enabled residential building smart appliances by scheduling to alleviate peak-to-average ratio (PAR), minimize cost of electricity, and maximize user comfort (UC). This increases effective energy utilization, which in turn increases the sustainability of IoT-enabled residential buildings in smart cities. The WBFA-based strategy automatically responds to price-based DR programs to combat the major problem of the DR programs, which is the limitation of consumer’s knowledge to respond upon receiving DR signals. To endorse productiveness and effectiveness of the proposed WBFA-based strategy, substantial simulations are carried out. Furthermore, the proposed WBFA-based strategy is compared with benchmark strategies including binary particle swarm optimization (BPSO) algorithm, genetic algorithm (GA), genetic wind driven optimization (GWDO) algorithm, and genetic binary particle swarm optimization (GBPSO) algorithm in terms of energy consumption, cost of electricity, PAR, and UC. Simulation results show that the proposed WBFA-based strategy outperforms the benchmark strategies in terms of performance metrics.

In this paper, a comprehensive energy management framework for microgrids that incorporates price-based demand response programs (DRPs) and leverages an advanced optimization method—Greedy Rat Swarm Optimizer (GRSO) is proposed. The primary objective is to minimize the generation cost and environmental impact of microgrid systems by effectively scheduling distributed energy resources (DERs), including renewable energy sources (RES) such as solar and wind, alongside fossil-fuel-based generators. Four distinct demand response models—exponential, hyperbolic, logarithmic, and critical peak pricing (CPP)—are developed, each reflecting a different price elasticity of demand. These models are integrated with a flexible elasticity matrix to assess the dynamic consumer response to fluctuating electricity prices. The study evaluates four operational scenarios, focusing on grid participation, DER utilization, and the impact of real-time pricing (RTP), time of use (TOU), and critical peak pricing strategies. Quantitative results demonstrate the significant cost-saving potential of integrating DRPs with microgrid operations. In the optimal scenario, the GRSO achieved a minimum generation cost of 882¥ for the base load profile. Further, when critical peak pricing (CPP) was applied, the generation cost was reduced to 746¥, representing a 15.4% reduction. For a scenario where the grid’s participation was limited, the logarithmic-based demand response model decreased the generation cost to 817¥, while full grid interaction led to higher cost reductions. Additionally, our results show a significant reduction in peak load, with load factor improvements of up to 87.7% across the studied demand profiles. Furthermore, limiting the grid’s upstream power capacity to 30 kW resulted in a 7% increase in generation cost across all cases, confirming the importance of grid participation in reducing operational costs. The GRSO algorithm outperformed traditional metaheuristics in terms of both execution time and convergence, making it a viable solution for real-time microgrid optimization. In conclusion, the proposed GRSO-based framework provides an efficient approach for microgrid cost minimization, achieving up to a 15.4% reduction in operational costs and notable environmental benefits by reducing emissions. This study highlights the importance of dynamic demand response strategies and grid participation for sustainable and cost-effective microgrid management.

In this paper, optimal coordination of the demand side under uncertainty of the energy price in energy market is studied. The consumers by demand response programs (DRPs) have optimal role in minimization of the energy generation costs in multiple energy system. The consumers can participate via local generation strategy (LGS) and demand curtailment strategy (DCS). The optimal coordination is considered as two stage optimization, in which minimization of the consumers’ bills is done in first stage. In following, the minimization of the generation costs is performed in second stage optimization. The LGS is taken into accounted through optimal discharging of plug electric vehicles (PEVs). Finally, numerical simulation is implemented to show superiority of the proposed approach to minimization of the energy generation costs.

Technology advancements have enabled the capture of Renewable Energy Sources (RES) on a massive scale. Smart Grids (SGs) that combine conventional and RES are predicted as a sustainable method of power generation. Moreover, environmental conditions impact all RES, causing changes in the amount of electricity produced by these sources. Furthermore, availability is dependent on daily or annual cycles. Although smart meters allow real-time demand prediction, precise models that predict the electricity produced by RES are also required. Prediction Models (PMs) accurately guarantee grid stability, efficient scheduling, and energy management. For example, the SG must be smoothly transformed into the conventional energy source for that time and guarantee that the electricity generated meets the predicted demand if the model predicts a period of Renewable Energy (RE) loss. The literature also suggests scheduling methods for demand-supply matching and different learning-based PMs for sources of RE using open data sources. This paper developed a model that accurately replicates a microgrid, predicts demand and supply, seamlessly schedules power delivery to meet demand, and gives actionable insights into the SG system’s operation. Furthermore, this work develops the Demand Response Program (DRP) using improved incentive-based payment as cost suggestion packages. The test results are valued in different cases for optimizing operating costs through the multi-objective ant colony optimization algorithm (MOACO) with and without the input of the DRP.

Distributed energy resources (DERs) and demand side management (DSM) strategy implementation in smart grids (SGs) lead to environmental and economic benefits. In this paper, a new DSM strategy is proposed for the day-ahead scheduling problem in SGs with a high penetration of wind energy to optimize the tri-objective problem in SGs: operating cost and pollution emission minimization, the minimization of the cost associated with load curtailment, and the minimization of the deviation between wind turbine (WT) output power and demand. Due to climatic conditions, the nature of the wind energy source is uncertain, and its prediction for day-ahead scheduling is challenging. Monte Carlo simulation (MCS) was used to predict wind energy before integrating with the SG. The DSM strategy used in this study consists of real-time pricing and incentives, which is a hybrid demand response program (H-DRP). To solve the proposed tri-objective SG scheduling problem, an optimization technique, the multi-objective genetic algorithm (MOGA), is proposed, which results in non-dominated solutions in the feasible search area. Besides, the decision-making mechanism (DMM) was applied to find the optimal solution amongst the non-dominated solutions in the feasible search area. The proposed scheduling model successfully optimizes the objective functions. For the simulation, MATLAB 2021a was used. For the validation of this model, it was tested on the SG using multiple balancing constraints for power balance at the consumer end.

An energy optimization strategy is proposed to minimize operation cost and carbon emission with and without demand response programs (DRPs) in the smart grid (SG) integrated with renewable energy sources (RESs). To achieve optimized results, probability density function (PDF) is proposed to predict the behavior of wind and solar energy sources. To overcome uncertainty in power produced by wind and solar RESs, DRPs are proposed with the involvement of residential, commercial, and industrial consumers. In this model, to execute DRPs, we introduced incentive-based payment as price offered packages. Simulations are divided into three steps for optimization of operation cost and carbon emission: (i) solving optimization problem using multi-objective genetic algorithm (MOGA), (ii) optimization of operating cost and carbon emission without DRPs, and (iii) optimization of operating cost and carbon emission with DRPs. To endorse the applicability of the proposed optimization model based on MOGA, a smart sample grid is employed serving residential, commercial, and industrial consumers. In addition, the proposed optimization model based on MOGA is compared to the existing model based on multi-objective particle swarm optimization (MOPSO) algorithm in terms of operation cost and carbon emission. The proposed optimization model based on MOGA outperforms the existing model based on the MOPSO algorithm in terms of operation cost and carbon emission. Experimental results show that the operation cost and carbon emission are reduced by 24% and 28% through MOGA with and without the participation of DRPs, respectively.

One of the major problems of the operators of electricity networks is the operation of the network during events. Events with high impact and low probability of occurrence are a type of events that can cause severe disruptions in power grids. Therefore, the power grid must be resilient in dealing with such events. In recent years, electricity network operators have tried to improve the conditions of using distribution networks by using methods called flexibility. This paper aims to use flexible methods, such as energy storage systems and demand response programs to increase resiliency, reduce costs, and level the power exchange curve with the sub‐distribution substation. Therefore, first, the modeling of energy storage systems and demand response programs is presented in the energy management problem. Then, the mentioned models are integrated with the problem of the resilient operation of the two‐way distribution network. Also, considering the parameters of active and reactive loads and active generation of wind and solar renewable energy resources, uncertainty is considered in the problem. The resilient operation model has been considered and rewritten again, considering the robust optimization method for modeling uncertainties. Finally, a resiliency index is provided to show the resiliency of a network in a relative manner. In the proposed model, the simulation is done on IEEE 33‐bus network in four states and six cases. The states considered include grid operation without energy storage systems and demand response programs, operation with energy storage systems, operation with demand response programs, and operation with the simultaneous presence of energy storage systems and demand response programs. Also, in this paper, six cases include operation in normal conditions for comparison with other cases, operation in outage conditions of one‐way and two‐way busses connected to the sub‐distribution substation, operations in disconnection of some local resources, and network lines have been investigated. The results obtained from this research indicate the improvement of resiliency conditions using the method considered.

Electricity demand is increasing, as a result of increasing consumers in the electricity market. By growing smart technologies such as smart grid and smart energy management systems, customers were given a chance to actively participate in demand response programs (DRPs), and reduce their electricity bills as a result. This study overviews the DRPs and their practices, along with home energy management systems (HEMS) and load management techniques. The paper provides brief literature on HEMS technologies and challenges. The paper is organized in a way to provide some technical information about DRPs and HEMS to help the reader understand different concepts about the smart grid, and be able to compare the essential concerns about the smart grid. The article includes a brief discussion about DRPs and their importance for the future of energy management systems. It is followed by brief literature about smart grids and HEMS, and a home energy management system strategy is also discussed in detail. The literature shows that storage devices have a huge impact on the efficiency and performance of energy management system strategies.