Reducing the Cost of Electricity by Optimizing Real-Time Consumer Planning Using a New Genetic Algorithm-Based Strategy
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Derakhshan, Ghasem & Shayanfar, Heidar Ali & Kazemi, Ahad, 2016. "The optimization of demand response programs in smart grids," Energy Policy, Elsevier, vol. 94(C), pages 295-306.
- Wonbin Ahn & Hee Soo Lee & Hosun Ryou & Kyong Joo Oh, 2020. "Asset Allocation Model for a Robo-Advisor Using the Financial Market Instability Index and Genetic Algorithms," Sustainability, MDPI, vol. 12(3), pages 1-15, January.
- Yungyu Chang & Gyewoon Choi & Juhwan Kim & Seongjoon Byeon, 2018. "Energy Cost Optimization for Water Distribution Networks Using Demand Pattern and Storage Facilities," Sustainability, MDPI, vol. 10(4), pages 1-19, April.
- Ghasemi, A. & Shayeghi, H. & Moradzadeh, M. & Nooshyar, M., 2016. "A novel hybrid algorithm for electricity price and load forecasting in smart grids with demand-side management," Applied Energy, Elsevier, vol. 177(C), pages 40-59.
- Wenxiang Xu & Shunsheng Guo, 2019. "A Multi-Objective and Multi-Dimensional Optimization Scheduling Method Using a Hybrid Evolutionary Algorithms with a Sectional Encoding Mode," Sustainability, MDPI, vol. 11(5), pages 1-24, March.
- Kirsten Gram-Hanssen & Anders Rhiger Hansen & Mette Mechlenborg, 2020. "Danish PV Prosumers’ Time-Shifting of Energy-Consuming Everyday Practices," Sustainability, MDPI, vol. 12(10), pages 1-19, May.
- Dimitrios Kontogiannis & Dimitrios Bargiotas & Aspassia Daskalopulu, 2020. "Minutely Active Power Forecasting Models Using Neural Networks," Sustainability, MDPI, vol. 12(8), pages 1-17, April.
- Fatma Yaprakdal & M. Berkay Yılmaz & Mustafa Baysal & Amjad Anvari-Moghaddam, 2020. "A Deep Neural Network-Assisted Approach to Enhance Short-Term Optimal Operational Scheduling of a Microgrid," Sustainability, MDPI, vol. 12(4), pages 1-27, February.
- Zhang, Weiping & Maleki, Akbar & Rosen, Marc A. & Liu, Jingqing, 2018. "Optimization with a simulated annealing algorithm of a hybrid system for renewable energy including battery and hydrogen storage," Energy, Elsevier, vol. 163(C), pages 191-207.
- Alex H. Whitworth & Konstantinos Daniel Tsavdaridis, 2020. "Genetic Algorithm for Embodied Energy Optimisation of Steel-Concrete Composite Beams," Sustainability, MDPI, vol. 12(8), pages 1-17, April.
- Ghavidel, Sahand & Aghaei, Jamshid & Muttaqi, Kashem M. & Heidari, Alireza, 2016. "Renewable energy management in a remote area using Modified Gravitational Search Algorithm," Energy, Elsevier, vol. 97(C), pages 391-399.
- Goutam Dutta & Krishnendranath Mitra, 2017. "A literature review on dynamic pricing of electricity," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(10), pages 1131-1145, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Muqaddas Naz & Zafar Iqbal & Nadeem Javaid & Zahoor Ali Khan & Wadood Abdul & Ahmad Almogren & Atif Alamri, 2018. "Efficient Power Scheduling in Smart Homes Using Hybrid Grey Wolf Differential Evolution Optimization Technique with Real Time and Critical Peak Pricing Schemes," Energies, MDPI, vol. 11(2), pages 1-25, February.
- Jordehi, A. Rezaee, 2019. "Optimisation of demand response in electric power systems, a review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 103(C), pages 308-319.
- Hunt, Julian David & Nascimento, Andreas & Zakeri, Behnam & Barbosa, Paulo Sérgio Franco, 2022. "Hydrogen Deep Ocean Link: a global sustainable interconnected energy grid," Energy, Elsevier, vol. 249(C).
- khanmohammadi, Shoaib & Saadat-Targhi, Morteza, 2019. "Performance enhancement of an integrated system with solar flat plate collector for hydrogen production using waste heat recovery," Energy, Elsevier, vol. 171(C), pages 1066-1076.
- Liu, Che & Sun, Bo & Zhang, Chenghui & Li, Fan, 2020. "A hybrid prediction model for residential electricity consumption using holt-winters and extreme learning machine," Applied Energy, Elsevier, vol. 275(C).
- Ayman A. Aly & Bassem F. Felemban & Ardashir Mohammadzadeh & Oscar Castillo & Andrzej Bartoszewicz, 2021. "Frequency Regulation System: A Deep Learning Identification, Type-3 Fuzzy Control and LMI Stability Analysis," Energies, MDPI, vol. 14(22), pages 1-21, November.
- Huang, Chunjun & Zong, Yi & You, Shi & Træholt, Chresten & Zheng, Yi & Wang, Jiawei & Zheng, Zixuan & Xiao, Xianyong, 2023. "Economic and resilient operation of hydrogen-based microgrids: An improved MPC-based optimal scheduling scheme considering security constraints of hydrogen facilities," Applied Energy, Elsevier, vol. 335(C).
- Ugwoke, B. & Gershon, O. & Becchio, C. & Corgnati, S.P. & Leone, P., 2020. "A review of Nigerian energy access studies: The story told so far," Renewable and Sustainable Energy Reviews, Elsevier, vol. 120(C).
- Zhang, Weiping & Maleki, Akbar, 2022. "Modeling and optimization of a stand-alone desalination plant powered by solar/wind energies based on back-up systems using a hybrid algorithm," Energy, Elsevier, vol. 254(PC).
- Felipe Piana Vendramell Ferreira & Konstantinos Daniel Tsavdaridis & Carlos Humberto Martins & Silvana De Nardin, 2021. "Steel-Concrete Composite Beams with Precast Hollow-Core Slabs: A Sustainable Solution," Sustainability, MDPI, vol. 13(8), pages 1-25, April.
- Ceran, Bartosz, 2019. "The concept of use of PV/WT/FC hybrid power generation system for smoothing the energy profile of the consumer," Energy, Elsevier, vol. 167(C), pages 853-865.
- Gianluca Trotta & Kirsten Gram-Hanssen & Pernille Lykke Jørgensen, 2020. "Heterogeneity of Electricity Consumption Patterns in Vulnerable Households," Energies, MDPI, vol. 13(18), pages 1-17, September.
- Zunaira Nadeem & Nadeem Javaid & Asad Waqar Malik & Sohail Iqbal, 2018. "Scheduling Appliances with GA, TLBO, FA, OSR and Their Hybrids Using Chance Constrained Optimization for Smart Homes," Energies, MDPI, vol. 11(4), pages 1-30, April.
- Beigvand, Soheil Derafshi & Abdi, Hamdi & La Scala, Massimo, 2017. "A general model for energy hub economic dispatch," Applied Energy, Elsevier, vol. 190(C), pages 1090-1111.
- Akhlaque Ahmad Khan & Ahmad Faiz Minai & Rupendra Kumar Pachauri & Hasmat Malik, 2022. "Optimal Sizing, Control, and Management Strategies for Hybrid Renewable Energy Systems: A Comprehensive Review," Energies, MDPI, vol. 15(17), pages 1-29, August.
- Zoran Gligorić & Svetlana Štrbac Savić & Aleksandra Grujić & Milanka Negovanović & Omer Musić, 2018. "Short-Term Electricity Price Forecasting Model Using Interval-Valued Autoregressive Process," Energies, MDPI, vol. 11(7), pages 1-17, July.
- Yang, Shiyu & Oliver Gao, H. & You, Fengqi, 2022. "Model predictive control for Demand- and Market-Responsive building energy management by leveraging active latent heat storage," Applied Energy, Elsevier, vol. 327(C).
- Díaz, Guzmán & Coto, José & Gómez-Aleixandre, Javier, 2019. "Prediction and explanation of the formation of the Spanish day-ahead electricity price through machine learning regression," Applied Energy, Elsevier, vol. 239(C), pages 610-625.
- Donghui Wang & Chunming Liu, 2019. "Combination Optimization Configuration Method of Capacitance and Resistance Devices for Suppressing DC Bias in Transformers," Energies, MDPI, vol. 12(9), pages 1-13, May.
- Hortay, Olivér & Kökény, László, 2020. "A villamosenergia-fogyasztás elhalasztásával kapcsolatos lakossági attitűd felmérése Magyarországon [A survey of popular attitudes to deferment of electricity consumption in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 657-687.
More about this item
Keywords
renewable energy; consumer planning; real-time strategy; consumption monitoring;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jmathe:v:8:y:2020:i:7:p:1144-:d:383756. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.