Optimal energy scheduling for residential consumers with demand management strategies

Abstract

ABSTRACT The enhancement of energy networks and cost reduction can be achieved through the implementation of solutions like optimal energy scheduling for residential consumers. This paper proposes day-ahead electrical and thermal energy scheduling for residential sections in energy networks as a bi-criteria optimization approach. The bi-criteria optimization approach is modeled to minimize the operation cost and maximize the reliability of the energy system. Demand management strategies such as demand reduction and demand shifting are considered for residential consumers. The participation of residential consumers in demand management is presented considering electricity prices in the energy markets. The solving bi-criteria optimization approach is done via the weight sum method and LINMAP procedure-based-fuzzy approach. The proposed modeling is implemented in GAMS optimization software for verifying the demand management strategies in optimal energy scheduling in two case studies.