Optimization Solutions for Demand Side Management and Monitoring

Abstract

For the last couple of decades, power consumption has been growing exponentially. The traditional power grids are experiencing various challenges such as reliability and sustainability. Due to limited energy resources and budget with increase in load demand, conventional energy management techniques are getting failed. In this case, demand side management (DSM) technique is one of the best solutions ensuring reliable and economical power flow. Demand side management consists of the activities or technologies which are used on demand side to optimize power consumption for achieving desired objectives including energy balancing and cost reduction etc. This chapter reviews and discusses the framework of demand side management on the basis of modes and programs. Demand side management techniques are differentiated on the basis of their implementation and usage, which has not been reported in the previous literature. Residential DSM system is discussed with categorization of loads and constraints. During the organization of the chapter, different optimizing models are also reviewed for the implementation of DSM programs.