Assessment of impacts of peak-shaving programs on energy costs in the residential sector

Abstract

Demand-side management, which includes various methods and mechanisms, plays a significant role in the management of energy systems. This paper examines the impacts of different demand-side management methods on energy costs of a residential load. In this regard, three scenarios have been developed: on-site energy generation, energy storage, and finally, load shifting during peak hours of energy consumption. The three proposed scenarios along with the basic state, were modeled with the help of the System Advisor Model and MATLAB. The modeling results showed that according to the load management process during the peak hours of the year, all three scenarios lead to a reduction in energy consumption costs.