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98142

A Novel Algorithm for Day-Ahead Real Time Pricing for Energy Management in Smart Grid.

Article

Last updated: 04 Jan 2025

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Subjects

-

Tags

Electrical Engineering

Abstract

The main objective of Energy Management is to produce demanded power with least cost and least environmental effect. This paper presents a novel algorithm for reshaping the load demand profile via day ahead hourly pricing. The day ahead hourly price schedule is determined in such a way that encourages customers to modify as much as possible of their consumption profile according to renewable energy availability. The proposed technique is composed of three optimization problems based on Non Linear Programming (NLP) solver using Sequential Dynamic Programming (SDP) algorithm. The first one is to determine the optimal consumption pattern for each load type that improves the utilization of the conventional generation through minimizing its peak to average ratio (PAR). The second is to determine the optimal price signal, which maximizes customer saving after following that optimal consumption pattern. The last one is the customer test for minimum consumption cost. The Performance of the proposed algorithm is verified by applying it to a low voltage benchmark of a smart grid with residential, commercial, and industrial loads. The simulation results proved the effectiveness of the new proposed technique for achieving optimal energy management

DOI

10.21608/bfemu.2020.98142

Keywords

Energy Systems, Demand side management, Renewable energy sources

Authors

First Name

Islam

Last Name

Ismael

MiddleName

Mohamed

Affiliation

Dept. of Electrical Engineering, Faculty of Engineering, Mansoura University, Egypt

Email

islamm.ismael@gmail.com

City

-

Orcid

-

First Name

Mohammed

Last Name

Saeed

MiddleName

-

Affiliation

Dept. of Electrical Engineering, Faculty of Engineering, Mansoura University, Egypt

Email

m.saed@mans.edu.eg

City

-

Orcid

-

First Name

Sahar

Last Name

Kaddah

MiddleName

Sedky

Affiliation

Prof, Electrical Engineering Department, Faculty of Engineering Mansoura University, Egypt, She is the head of Electrical Engineering Department

Email

skaddah@mans.edu.eg

City

-

Orcid

-

First Name

Sobhy

Last Name

Abdelkader

MiddleName

Mohamed

Affiliation

Electrical Engineering Department, Mansoura University, Mansoura, Egypt

Email

sobhy_abdelkader@yahoo.com

City

-

Orcid

-

Volume

42

Article Issue

3

Related Issue

14853

Issue Date

2017-09-01

Receive Date

2017-07-11

Publish Date

2020-06-25

Page Start

9

Page End

16

Print ISSN

1110-0923

Online ISSN

2735-4202

Article File

BFEMU_Volume 42_Issue 3_Pages 9-16.pdf

PDF . 1.4MB

Link

https://bfemu.journals.ekb.eg/article_98142.html

Detail API

https://bfemu.journals.ekb.eg/service?article_code=98142

Order

10

Type

Research Studies

Type Code

1,205

Publication Type

Journal

Publication Title

MEJ. Mansoura Engineering Journal

Publication Link

https://bfemu.journals.ekb.eg/

MainTitle

A Novel Algorithm for Day-Ahead Real Time Pricing for Energy Management in Smart Grid.

Details

Type

Article

Created At

22 Jan 2023