Multiobjective optimization technique for demand side management with load balancing approach in smart grid

Power companies are unable to withstand the consumer power requirement due to growing population, industries and buildings. The use of automated electrical appliances have increased exponentially in day to day activity. To maintain a possible balance between the supply and demand the power companies are introducing the demand side management approach. As a result, consumers are adopted for load shifting or scheduling their loads into off-peak hours to reduce the electricity bill. When all the consumers are trying to run the scheduled electrical appliances at the same time then the usage of energy in the off peak hour curve is marginally high. However, service providers are in need of a load balancing mechanism to avoid over or under utilization of the power grid. In the existing works, threshold limit is applied for a home to maintain the balanced load and if the consumer exceeds it then the additional charges are applied in the bill. To overcome the above mentioned drawbacks there is a need to increase the power usage with minimum cost and reducing the waiting time. For this purpose, in this paper we implement multi-objective evolutionary algorithm, which results in the cost reduction for energy usage and minimize the waiting time for appliance execution. The result reveals that if the consumer exceeds the threshold limit, the scheduled running electrical appliances temporarily stops to maintain the energy usage under threshold level for cost benefit and resumes the stopped appliances later. Further, the proposed technique minimizes the overall electricity bill and waiting time for the execution of electrical appliances.