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Demand side management (DSM) in smart grid authorizes consumers to make informed decisions regarding their energy consumption pattern and helps the utility in reducing the peak load demand during an energy stress time. This results in reduced carbon emission, consumer electricity cost, and increased grid sustainability. Most of the existing DSM techniques ignore priority defined by consumers. In this paper, we present priority-induced DSM strategy based on the load shifting technique considering various energy cycles of an appliance. The day-ahead load shifting technique proposed is mathematically formulated and mapped to multiple knapsack problem to mitigate the rebound peaks. The autonomous energy management controller proposed embeds three meta-heuristic optimization techniques; genetic algorithm, enhanced differential evolution, and binary particle swarm optimization along with optimal stopping rule, which is used for solving the load shifting problem. Simulations are carried out using three different appliances and the results validate that the proposed DSM strategy successfully shifts the appliance operations to off-peak time slots, which consequently leads to substantial electricity cost savings in reasonable waiting time, and also helps in reducing the peak load demand from the smart grid. In addition, we calculate the feasible regions to show the relationship between cost, energy consumption, and delay.

In this paper, we propose a home energy management system that employs load shifting strategy of demand side management to optimize the energy consumption patterns of a smart home. It aims to manage the load demand in an efficient way to minimize electricity cost and peak to average ratio while maintaining user comfort through coordination among home appliances. In order to meet the load demand of electricity consumers, we schedule the load in day-ahead and real-time basis. We propose a fitness criterion for proposed hybrid technique, which helps in balancing the load during ON-peak and OFF-peak hours. Moreover, for real-time rescheduling, we present the concept of coordination among home appliances. This helps the scheduler to optimally decide the ON/OFF status of appliances in order to reduce the waiting time of appliance. For this purpose, we formulate our real-time rescheduling problem as knapsack problem and solve it through dynamic programming. This paper also evaluates the behavior of the proposed technique for three pricing schemes including: time of use, real-time pricing, and critical peak pricing. Simulation results illustrate the significance of the proposed optimization technique with 95% confidence interval.

This paper focuses on analytics of an extremely large dataset of smart grid electricity price and load, which is difficult to process with conventional computational models. These data are known as energy big data. The analysis of big data divulges the deeper insights that help experts in the improvement of smart grid&rsquo, s (SG) operations. Processing and extracting of meaningful information from data is a challenging task. Electricity load and price are the most influential factors in the electricity market. For improving reliability, control and management of electricity market operations, an exact estimate of the day ahead load is a substantial requirement. Energy market trade is based on price. Accurate price forecast enables energy market participants to make effective and most profitable bidding strategies. This paper proposes a deep learning-based model for the forecast of price and demand for big data using Deep Long Short-Term Memory (DLSTM). Due to the adaptive and automatic feature learning mechanism of Deep Neural Network (DNN), the processing of big data is easier with LSTM as compared to the purely data-driven methods. The proposed model was evaluated using well-known real electricity markets&rsquo, data. In this study, day and week ahead forecasting experiments were conducted for all months. Forecast performance was assessed using Mean Absolute Error (MAE) and Normalized Root Mean Square Error (NRMSE). The proposed Deep LSTM (DLSTM) method was compared to traditional Artificial Neural Network (ANN) time series forecasting methods, i.e., Nonlinear Autoregressive network with Exogenous variables (NARX) and Extreme Learning Machine (ELM). DLSTM outperformed the compared forecasting methods in terms of accuracy. Experimental results prove the efficiency of the proposed method for electricity price and load forecasting.

Short-Term Electricity Load Forecasting (STELF) through Data Analytics (DA) is an emerging and active research area. Forecasting about electricity load and price provides future trends and patterns of consumption. There is a loss in generation and use of electricity. So, multiple strategies are used to solve the aforementioned problems. Day-ahead electricity price and load forecasting are beneficial for both suppliers and consumers. In this paper, Deep Learning (DL) and data mining techniques are used for electricity load and price forecasting. XG-Boost (XGB), Decision Tree (DT), Recursive Feature Elimination (RFE) and Random Forest (RF) are used for feature selection and feature extraction. Enhanced Convolutional Neural Network (ECNN) and Enhanced Support Vector Regression (ESVR) are used as classifiers. Grid Search (GS) is used for tuning of the parameters of classifiers to increase their performance. The risk of over-fitting is mitigated by adding multiple layers in ECNN. Finally, the proposed models are compared with different benchmark schemes for stability analysis. The performance metrics MSE, RMSE, MAE, and MAPE are used to evaluate the performance of the proposed models. The experimental results show that the proposed models outperformed other benchmark schemes. ECNN performed well with threshold 0.08 for load forecasting. While ESVR performed better with threshold value 0.15 for price forecasting. ECNN achieved almost 2% better accuracy than CNN. Furthermore, ESVR achieved almost 1% better accuracy than the existing scheme (SVR).

The emergence of the Demand Response (DR) program optimizes the energy consumption pattern of customers and improves the efficacy of energy supply. The pricing infra-structure of the DR program is dynamic (time-based). It has rather complex features including marginal costs, demand and seasonal parameters. There is variation in DR price rate. Sometime prices go high (peak load) if the demand of electricity is more than the generation capacity. The main objective of DR is to encourage the consumer to shift the peak load and gets incentives in terms of cost reduction. However, prices remain the same for all the users even if they shift the peak load or not. In this work, Game Theory (GT)-based Time-of-Use (ToU) pricing model is presented to define the rates for on-peak and shoulder-peak hours. The price is defined for each user according to the utilize load. At first, the proposed model is examined using the ToU pricing scheme. Afterward, it is evaluated using existing day-ahead real-time pricing scheme. Moreover, shifting load from on-peak hours to off-peak hours may cause rebound peak in off-peak hours. To avert this issue, we analysis the impact of Salp Swam Algorithm (SSA) and Rainfall Algorithm (RFA) on user electricity bill and PAR after scheduling. The experimental results show the effectiveness of the proposed GT-based ToU pricing scheme. Furthermore, the RFA outperformed SSA.

Demand Response Management (DRM) is considered one of the crucial aspects of the smart grid as it helps to lessen the production cost of electricity and utility bills. DRM becomes a fascinating research area when numerous utility companies are involved and their announced prices reflect consumer&rsquo, s behavior. This paper discusses a Stackelberg game plan between consumers and utility companies for efficient energy management. For this purpose, analytical consequences (unique solution) for the Stackelberg equilibrium are derived. Besides this, this paper presents a distributed algorithm which converges for consumers and utilities. Moreover, different power consumption activities on the basis of time series are becoming a basic need for load prediction in smart grid. Load forecasting is taken as the significant concerns in the power systems and energy management with growing technology. The better precision of load forecasting minimizes the operational costs and enhances the scheduling of the power system. The literature has discussed different techniques for demand load forecasting like neural networks, fuzzy methods, Na&iuml, ve Bayes, and regression based techniques. This paper presents a novel knowledge based system for short-term load forecasting. The algorithms of Affinity Propagation and Binary Firefly Algorithm are integrated in knowledge based system. Besides, the proposed system has minimum operational time as compared to other techniques used in the paper. Moreover, the precision of the proposed model is improved by a different priority index to select similar days. The similarity in climate and date proximity are considered all together in this index. Furthermore, the whole system is distributed in sub-systems (regions) to measure the consequences of temperature. Additionally, the predicted load of the entire system is evaluated by the combination of all predicted outcomes from all regions. The paper employs the proposed knowledge based system on real time data. The proposed scheme is compared with Deep Belief Network and Fuzzy Local Linear Model Tree in terms of accuracy and operational cost. In addition, the presented system outperforms other techniques used in the paper and also decreases the Mean Absolute Percentage Error (MAPE) on a yearly basis. Furthermore, the novel knowledge based system gives more efficient outcomes for demand load forecasting.

The integration of smart meter infrastructure helps in bidirectional coordination and is used to gather huge amount of data. It helps in forecasting the power demand and generation. This further helps the energy management units to plan and take the efficient decisions for flexible power demand. However, still there is a chance of fluctuation in consumers' power demand. It requires an efficient solution that can manage the real time scenario. In this work, a game theory based coalition system for energy management is proposed where each home is considered as a player and intensive as slack power. This slack energy will be distributed among the homes using Shapley value that evenly distribute the power according to demand. Experimental results show that 14.2kW extra power is saved and distributed among homes different home during the different spans of the day.

Smart grids can be regarded as the revolution in traditional power grids due to integration of Information and Communication Technologies (ICT), Distributed systems and Computational Intelligence (CI) algorithms in existing infrastructure. Such advancements make it possible to monitor real time power patterns, articulate numerous Demand Response (DR) programs for demand side management and manage/ monitor energy by distributed sources, i.e., networked grid environment. A big centralized grid is in process of replacement with distributed small scale grids that are interconnected together forming a networked grid. Multi Agent System (MAS) is a mature technique that offers flexibility, portability and reusability as key features and has taken focus of researchers for smart grid applications. In this paper, considering futuristic approach and MAS technology, a review of state of the art literature is presented.