A short review on optimization models for energy management in renewable sector

Abstract

The major demand of the electricity generation has consumed by residential sector which increased exponentially in 2018. The demand has been unrealistic and uncontrollable in the case of power grid. Demand Side Management (DSM) is one of the important aspects in smart grid that motivates the consumer to make conversant decision related to energy consumption and hence take care of the increasing grid load. The main objective of DSM is maximize the system load and the total peak demand or the load factor and most importantly to minimize customer electricity bill. Owing to the importance of DSM, the present work reviews on several optimization models that have been used to aid DSM in achieving its desired objectives. The future work in the aforementioned domain has been highlighted towards the end of the paper. Therefore, the authors of the work hope that the present review work will help those involved directly or indirectly in the domain of DSM.first, second, and third level headings.