Power distribution networks are transitioning from passive towards active networks considering the incorporation of distributed generation. Traditional energy networks require possible system upgrades due to the exponential growth of non-conventional energy resources. Thus, the cost concerns of the electric utilities regarding financial models of renewable energy sources (RES) call for the cost and benefit analysis of the networks prone to unprecedented RES integration. This paper provides an evaluation of photovoltaic (PV) hosting capacity (HC) subject to economical constraint by a probabilistic analysis based on Monte Carlo (MC) simulations to consider the stochastic nature of loads. The losses carry significance in terms of cost parameters, and this article focuses on HC investigation in terms of losses and their associated cost. The network losses followed a U-shaped trajectory with increasing PV penetration in the distribution network. In the investigated case networks, increased PV penetration reduced network costs up to around 40%, defined as a ratio to the feeding secondary transformer rating. Above 40%, the losses started to increase again and at 76–87% level, the network costs were the same as in the base cases of no PVs. This point was defined as the economical PV HC of the network. In the case of networks, this level of PV penetration did not yet lead to violations of network technical limits.

In the face of escalating energy demand, this research proposes a demand-side management (DSM) strategy that focuses on appliance-level load shifting in residential environments. The proposed approach utilizes detailed energy consumption forecasts that are generated by ensemble machine learning models, which predict usage at both whole-household and individual appliance levels. This granular forecasting enables the development of customized load-shifting schedules for controllable devices. These schedules are optimized using a metaheuristic genetic algorithm (GA) with the objectives of minimizing consumer energy costs and reducing peak demand. The iterative nature of GA allows for continuous fine-tuning, thereby adapting to dynamic energy market conditions. The implemented DSM technique yields significant results, successfully reducing the daily energy consumption cost for shiftable appliances. Overall, the proposed system decreases the per-day consumer electricity cost from 237 cents (without DSM) to 208 cents (with DSM), achieving a 12.23% cost saving. Furthermore, it effectively mitigates peak demand, reducing it from 3.4 kW to 1.2 kW, which represents a substantial 64.7% reduction. These promising outcomes demonstrate the potential for substantial consumer savings while concurrently enhancing the overall efficiency and reliability of the power grid.