Planning with the electricity market One day ahead for a smart home connected to the RES by the MILP method

This study proposes a novel framework for smart homes to optimize energy consumption and production, leading to reduced costs and a more reliable grid. The framework schedules the use of controllable appliances and renewable energy sources while considering uncertainties in production, real-time mar...

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Bibliographic Details
Published in:Renewable energy focus 2024-09, Vol.50, p.100606, Article 100606
Main Authors: Nasab, Mostafa Azimi, Alizadeh, Mousa, Nasimov, Rashid, Zand, Mohammad, Nasab, Morteza Azimi, Padmanaban, Sanjeevikumar
Format: Article
Language:English
Subjects:
Electricity market
GAMS
Planning
Smart home
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Summary:This study proposes a novel framework for smart homes to optimize energy consumption and production, leading to reduced costs and a more reliable grid. The framework schedules the use of controllable appliances and renewable energy sources while considering uncertainties in production, real-time market prices, and uncontrollable household loads. By incorporating both incremental and real-time pricing models, the system discourages excessive consumption during peak hours. The core innovation lies in a two-stage scheduling approach implemented using GAMS software. This method minimizes the expected total cost while accounting for limitations on controllable loads, power supply, production resources, battery performance, and overall home energy balance. Additionally, the framework leverages the previous day’s bilateral contract and allows residents to adjust desired lighting levels based on current market fluctuations. Simulations demonstrate the program’s effectiveness in reducing both net energy costs and peak load on the electricity grid.
ISSN:1755-0084
DOI:10.1016/j.ref.2024.100606