Demand Side Management And Demand Response For Optimal Energy Usage: An Overview

ABSTRACT

Being more than a decade old idea, the Demand-side management (DSM) is among the most vital part of the modern smart grid. DSM enables the utilities to minimize the gap between the supply and the demand by optimizing their pattern of user loads. At the same time, it helps them in achieving economic and energy efficient systems by reducing the peak to average (PAR). The implementation of DSM programs by the utilities could help them in improving their reliability, power quality, energy, and system efficiency. On the other hand, customers could be use it to improve their load profile, reduce the peak demands, save energy, and motivate them use more and more renewable energy. Thus, both the utilities and the consumers get benefitted by the implementation of DSM program in the smart grid. This study tries to understand the application of energy efficient policies and the demand response techniques with various DSM strategies. The study mainly focuses on the various characteristics that would lead to effective implementation of DSM programs with particular attention of the residential energy demand. Also, there will be a focus on enhancement of energy efficiency leading to more effective policy responses. The researchers could find this study very helpful as it could be employed to maximize the utility profits, the total load factor, peak demand and also minimize the consumer usage bills