Smart Demand Side Management for Techno-Economic Analysis of Microgrid System

Abstract

Abstract: - The world uses about 20 trillion kilowatt hours of electricity annually. Because of this great level of necessity, the use of green energy is growing and is becoming more and more significant in today's society. Demand-side management (DSM) programs are described as the procedures for planning, carrying out, and overseeing the tasks assigned by electric utilities to encourage customers to adjust their loads and energy usage in order to reduce power consumption and lower their electricity costs. It is utilized in smart grid systems to balance energy generation and consumption in a way that benefits both customers and utilities, to achieve the goals of utility energy policies, and to modify the quantity and quality of power and electricity used. Customers should have the capacity to control their energy consumption, especially during peak usage, to enable them to make better informed decisions. Demand response (DR) and energy efficiency techniques were employed by DSM to assist energy users in lowering their consumption. to increase resilience, economy, sustainability, and efficiency. The main objective of this study is to apply two demand side management strategies, examine power flow analysis on distribution networks utilizing IEEE rules both before and after PV cells are integrated, and assess the impact of doing so. The approaches' practicality is confirmed by comparing the simulation results from one technique with the other. For the end user, lowering their electricity cost is their primary goal.