Related papers: Optimal Mechanisms for Demand Response: An Indiffe…
In this study, we investigate the operation of an optimal home energy management system (HEMS) with integrated renewable energy system (RES) and energy storage system (ESS) supporting electricity selling functions. A multi-objective mixed…
Residential consumers can use the demand response program (DRP) if they can utilize the home energy management system (HEMS), which reduces consumer costs by automatically adjusting air conditioning (AC) setpoints and shifting some…
Home Energy Management Systems (HEMS) have emerged as a pivotal tool in the smart home ecosystem, aiming to enhance energy efficiency, reduce costs, and improve user comfort. By enabling intelligent control and optimization of household…
Smart grids technologies are enablers of new business models for domestic consumers with local flexibility (generation, loads, storage) and where access to data is a key requirement in the value stream. However, legislation on personal data…
The rapid proliferation of distributed energy resources (DERs) and the electrification of residential loads offer significant potential for grid flexibility but pose stability challenges under static pricing regimes. Specifically, high…
Home energy management systems (HEMSs) are expected to become a crucial part of future smart grids. However, there is a limited number of studies that comprehensively assess the potential economic benefits of HEMS for consumers under real…
Despite the success of demand response programs in retail electricity markets in reducing average consumption, the random responsiveness of consumers to price event makes their efficiency questionable to achieve the flexibility needed for…
Near-future electric distribution grids operation will have to rely on demand-side flexibility, both by implementation of demand response strategies and by taking advantage of the intelligent management of increasingly common small-scale…
Given the historically static nature of low-voltage networks, distribution network companies do not possess tools for dealing with an increasingly variable demand due to the high penetration of distributed energy resources (DER). Within…
Being able to adjust the demand of electricity can be an effective means for power system operators to compensate fluctuating renewable generation, to avoid grid congestion, and to cope with other contingencies. Electric heating and cooling…
Internet of Things (IoT) and advanced communication technologies have demonstrated great potential to manage residential energy resources by enabling demand-side management (DSM). Home energy management systems (HEMSs) can automatically…
In 2022, energy prices skyrocketed across Europe, with average day-ahead spot market prices in Germany 2.43 times higher than the previous year, hinting at future trends. At the same time, electricity infrastructure is expected to be…
Recently, the volatility associated with marginal prices has increased due to large scale integration of renewable generation. Price volatility is undesirable from a consumer perspective. To address this issue, we present a framework for…
In this paper, we consider the problem of optimal demand response and energy storage management for a power consuming entity. The entity's objective is to find an optimal control policy for deciding how much load to consume, how much power…
Recently, home energy management systems (HEMS) are gaining more popularity enabling customers to minimize their electricity bill under time-varying electricity prices. Although they offer a promising solution for better energy management…
Demand response has been implemented by distribution system operators to reduce peak demand and mitigate contingency issues on distribution lines and substations. Specifically, the campus based commercial buildings make the major…
The contemporary era is marked by rapid urban growth and increasing population. A significant, and constantly growing, portion of the global population now resides in major cities, leading to escalating energy demands in urban centers. As…
Home Energy Management Systems (HEMSs) help households tailor their electricity usage based on power system signals such as energy prices. This technology helps to reduce energy bills and offers greater demand-side flexibility that supports…
With the decreasing cost of solar photovoltaics (PV) and battery storage systems, more and more prosumers appear in the distribution systems. Accompanying with it is the trend of using home energy management systems (HEMS). HEMS…
In this paper we provide non-simultaneous charging and discharging guarantees for a linear energy storage system (ESS) model for a model predictive control (MPC) based home energy management system (HEMS) algorithm. The HEMS optimally…