Development of Infrastructue for Residential Load to Reduce Peak Demand and Cost of Energy in Smart Grid

Provided by: International Journal of Innovative Research in Electrical, Electronics, Instrumentation and Control Engineering (IJIREEICE)
Topic: Hardware
Format: PDF
The renewable energy sources like solar and wind power will be economical in future due to upward pressure in fossil fuel prices, progress in renewable technologies as well as economy scale resulting from large scale production of renewable energy sources. As the usage of renewable energy sources will increase, decentralized supply and demand side management will be used instead of conventional centralized supply side management in future smart grids. Smart meters offer solution to this by allowing more sophisticated measurement of consumption and the implementation of real time pricing.

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