Economically Effective and Intelligently Responsive Home Energy Management System
Energy management in home is one of the major issue now-a-days. There are different types of load like shiftable, non-shiftable, seasonal loads and auxiliary loads. In this research article, an energy management system is proposed for home which helps to schedule different loads on the basis of their types and price. It will help to minimize the cost of electricity by shifting load from peak time to off peak time. Emission will be minimized by charging penalty by adopting multi-objective optimization. Each source of energy has its own price of penalty with respect to time. Penalty is charged to minimize the use of sources like commercial supply and diesel generators which emits hazardous gases. In proposed model, user will get electricity from commercial supply, diesel generators and solar panels to provide continuous supply of electricity to fulfil the energy demand. The shiftable loads will be shifted from peak time to off peak time and higher price source to lower price source to minimize the overall price. In this research, we have proposed an EEIR (Economically Effective and Intelligently Responsive) HEMS (Home Energy Management System) by solving multi-objective optimization problem from BILP (Binary Integer Linear Programming) using branch and bound algorithm.