Home energy management system considering effective demand response strategies and uncertainties

Nowadays, load serving entities require more active participation from consumers. In this context, demand response programs and home energy management systems play a crucial role in achieving multiple goals such as peak clipping. However, the adoption of demand response initiatives typically has a negative impact on the monetary expenditures of the users. This way, a demand response program should be as effective as possible to make the different goals more easily achievable without compromising the financial requirements of the users. This paper develops a home energy management system that incorporates three novel effective demand response strategies. The effectiveness of the adopted demand response strategies is checked through extensive simulations in a benchmark prosumer environment. To this end, a novel scenario-based approach is developed in order to manage uncertainties. The introduced strategies are compared with other well-known demand response mechanisms. To that end, a novel comparative index, which serves to evaluate the compromise between demand response achievements and energy bills, is introduced. Results obtained demonstrate that the developed strategies are more effective than other approaches. In fact, through the use of the proposed mechanisms, different indicators can be improved until ∼70%, while the electricity bill is only scarcely increased (∼0.11€). Other relevant aspects like the influence of the storage capacity and computational performance of the introduced optimization framework are also analysed.