HOURLY LOAD SHIFTING APPROACH FOR DEMAND SIDE MANAGEMENT

Abstract

The generation capacity of power stations is limited, and electricity consumption varies throughout the day, with high demand during peak hours and lower demand during offpeak hours. Balancing the supply of electrical power according to the load is essential, and simply increasing the number of generation units is not the sole solution to meet the increasing demand. Demand Side Management (DSM) offers a solution by optimizing load patterns instead of solely relying on increasing power output. DSM enables customers to save on energy bills while ensuring network operators maintain network reliability and avoid unexpected surges in demand that can lead to power outages. By scheduling usage, DSM allows for better load balancing. This report proposes a load shifting-based demand side management strategy to reduce peak hour demand. The objective is to minimize peak demand through an optimization problem formulated in the MATLAB R2021a environment. The proposed strategy seeks to find an optimal solution that maximizes efficiency.