Optimal demand response of smart home with PV generators

Abstract

Demand response (DR) is used mainly to help to schedule a customer's power utilization based on the electricity price that is announced by the power distribution company so that both demand and supply can optimally benefit. The work proposes a users' load model and the interior point method for optimal scheduling with elastic power utilization to minimize power price. The interior point method has the advantages of rapid convergence and robustness. Customers can not only use PV generators and battery sets as backup power sources, but also benefit from green energy. As revealed by the results herein, the use of elastic power utilization time intervals enables customers to pay less power price.