Economic aspects of multi-source demand-side consumption optimization in the smart home concept

Abstract

Current energy consumption trends lead to rapidly growing consumption of local renewable energy sources. Such installations bring new requirements on energy consumption profiles. Due to the massive multiplication of the results, one of the most interesting elements of the power grid, in this respect, is formed by households. Smart profiling of household energy consumption may be crucial for the adaptability of the global grid. In this article, we present the design and usage of a demand-side, consumption profiling system named the Priority-driven Appliance Control System (PAX). We describe the main features of the PAX system and show its application using real-world data. The main benefits are presented as direct economic assets in connection with various household energy sources (energy grid and photovoltaic panels) and efficient usage with regard to government energy grants.