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An overview of load management techniques in smart grid
Author(s) -
Mahmood Anzar,
Javaid Nadeem,
Khan Muhammad Asghar,
Razzaq Sohail
Publication year - 2015
Publication title -
international journal of energy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.808
H-Index - 95
eISSN - 1099-114X
pISSN - 0363-907X
DOI - 10.1002/er.3350
Subject(s) - dynamic pricing , smart grid , incentive , computer science , energy management , minification , energy consumption , operations research , grid , load management , scheduling (production processes) , engineering , energy (signal processing) , economics , microeconomics , operations management , electrical engineering , programming language , statistics , geometry , mathematics
Summary Load management (LM) is supposed to have a vital role in future energy management systems. This article presents an overview and comparison of LM techniques along with related technologies and implementation challenges in smart grid. The article also covers consumer and utility concerns in context of LM to enhance readers' intuition about the topic. Two major categories of LM techniques, incentive‐based and dynamic pricing‐based schemes, have been discussed and compared. Most commonly used incentive‐based direct load control is elaborated in detail. Dynamic pricing‐based energy consumption scheduling schemes, featuring peak load reduction and consumers' energy cost minimization at residential level, are also emphasized. Furthermore, the article includes a description of dynamic pricing‐based home energy management and associated optimization techniques as well as comparison of the latest schemes. Copyright © 2015 John Wiley & Sons, Ltd.