Balancing urban energy considering economic growth and environmental sustainability through integration of renewable energy

Abstract

This paper delves into the critical intersection of urban energy management, economic growth, and environmental sustainability through the integration of renewable energy sources in smart urban homes. The escalating demand for power has created an energy scarcity, necessitating innovative solutions to balance supply and consumption. In this context, the transition from traditional electric grids to smart grids (SG) is gaining prominence. To harness the potential of smart urban homes, particularly in the context of renewable energy, solar panels on rooftops have become indispensable. Smart grid technologies enable users to engage in demand response strategies, offering incentives and financial benefits for flexible device usage. This study introduces a novel optimization algorithm, the Polar Bear Optimization Algorithm (PBOA), designed to schedule domestic device usage patterns efficiently. To evaluate the effectiveness of PBOA, this paper conducts comparative analyses with other optimization algorithms such as Differential Evolution (DE) and Particle Swarm Optimization Algorithm (PSOA). Energy cost metrics, including Critical Peak Price (CPP) and Real-Time Price (RTP), are employed to assess cost reduction strategies. The primary focus of this study is to minimize energy costs and reduce the Peak to Average Ratio (PAR), thereby promoting economic growth and environmental sustainability in smart urban homes. It should be noted that neural network (NN) machine learning technique has been used for forecasting the weather and renewable energies output power.