Demand side management in smart grid

In this project report a Demand Side Management system is proposed which helps to reduce the peak demand on the grid by motivating the consumer to shift or reduce the load consumption. The proposed technique helps to manage the operating time of both schedulable and non-schedulable loads through consumer’s interaction. The consumers can save money by operating them in lower price periods. However, in spite of its privileges this approach has the tendency to accumulate more load at low electricity price time as the load is being shifted from other periods. Therefore, an addition optimization is used to formulate the second peak-generated problem by defining certain constraints for the consumption. For non-schedulable loads an optimizing scheme is proposed where the utility controls the operation of the loads like refrigeration, HVAC system with respect to the consumer comfort levels. The simulation result validates the reduction in the peak demand on the grid.