Abstract

This article presents an ER-based PEM strategy for PV integrated smart homes to jointly optimize their load scheduling delays, energy transactions cost, and battery degradation cost. The proposed approach incorporates a MA case, where, the ER acts as a main selecting agent realized by all other system elements. This leads to a combinatorial optimization problem, which can be effectively solved by heuristic optimization methods (HOMs), namely, genetic algorithm (GA), binary particle swarm optimization (BPSO), differential evolution (DE) algorithm, and harmony search algorithm (HSA). Specifically, we investigate the impact of the hyperparameters of the HOMs on the designed ER-based PEM system. Simulations are carried out for multiple smart homes under varying weather conditions to evaluate the effectiveness of HOMs in terms of selected performance metrics. Results show that the ER-based PEM reduces the average aggregated system cost, ensures economic benefits by selling surplus energy, while meeting customers energy packet demand, satisfying their quality-of-service, and operational constraints.

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