Traditional power grid and its demand-side management (DSM) techniques are centralized and mainly focus on industrial consumers. The ignorance of residential and commercial sectors in DSM activities degrades the overall performance of a conventional grid. Therefore, the concept of DSM and demand response (DR) via residential sector makes the smart grid (SG) superior over the traditional grid. In this context, this paper proposes an optimized home energy management system (OHEMS) that not only facilitates the integration of renewable energy source (RES) and energy storage system (ESS) but also incorporates the residential sector into DSM activities. The proposed OHEMS minimizes the electricity bill by scheduling the household appliances and ESS in response to the dynamic pricing of electricity market. First, the constrained optimization problem is mathematically formulated by using multiple knapsack problems, and then solved by using the heuristic algorithms; genetic algorithm (GA), binary particle swarm optimization (BPSO), wind driven optimization (WDO), bacterial foraging optimization (BFO) and hybrid GA-PSO (HGPO) algorithms. The performance of the proposed scheme and heuristic algorithms is evaluated via MATLAB simulations. Results illustrate that the integration of RES and ESS reduces the electricity bill and peak-to-average ratio (PAR) by 19.94% and 21.55% respectively. Moreover, the HGPO algorithm based home energy management system outperforms the other heuristic algorithms, and further reduces the bill by 25.12% and PAR by 24.88%.

An increase in the world’s population results in high energy demand, which is mostly fulfilled by consuming fossil fuels (FFs). By nature, FFs are scarce, depleted, and non-eco-friendly. Renewable energy sources (RESs) photovoltaics (PVs) and wind turbines (WTs) are emerging alternatives to the FFs. The integration of an energy storage system with these sources provides promising and economical results to satisfy the user’s load in a stand-alone environment. Due to the intermittent nature of RESs, their optimal sizing is a vital challenge when considering cost and reliability parameters. In this paper, three meta-heuristic algorithms: teaching-learning based optimization (TLBO), enhanced differential evolution (EDE), and the salp swarm algorithm (SSA), along with two hybrid schemes (TLBO + EDE and TLBO + SSA) called enhanced evolutionary sizing algorithms (EESAs) are proposed for solving the unit sizing problem of hybrid RESs in a stand-alone environment. The objective of this work is to minimize the user’s total annual cost (TAC). The reliability is considered via the maximum allowable loss of power supply probability ( $LPS{P}^{max}$ ) concept. The simulation results reveal that EESAs provide better results in terms of TAC minimization as compared to other algorithms at four $LPS{P}^{max}$ values of 0%, 0.5%, 1%, and 3%, respectively, for a PV-WT-battery hybrid system. Further, the PV-WT-battery hybrid system is found as the most economical scenario when it is compared to PV-battery and WT-battery systems.

This research focuses on a decomposed-weighted-sum particle swarm optimization (DWS-PSO) approach that is proposed for optimal operations of price-driven demand response (PDDR) and PDDR-synergized with the renewable and energy storage dispatch (PDDR-RED) based home energy management systems (HEMSs). The algorithm for PDDR-RED-based HEMS is developed by combining a DWS-PSO-based PDDR scheme for load shifting with the dispatch strategy for the photovoltaic (PV), storage battery (SB), and power grid systems. Shiftable home appliances (SHAs) are modeled for mixed scheduling (MS). The MS includes advanced as well as delayed scheduling (AS/DS) of SHAs to maximize the reduction in the net cost of energy ( $CE$ ). A set of weighting vectors is deployed while implementing algorithms and a multi-objective-optimization (MOO) problem is decomposed into single-objective sub-problems that are optimized simultaneously in a single run. Furthermore, an innovative method to carry out the diversified performance analysis (DPA) of the proposed algorithms is also proposed. The method comprises the construction of a diversified set of test problems (TPs), defining of performance metrics, and computation of the metrics. The TPs are constructed for a set of standardized dynamic pricing signal and for scheduling models for MS and DS. The simulation results show the gradient of the tradeoff line for the reduction in $CE$ and related discomfort for DPA.