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 initiatives typically has negative impact on monetary expenditures users. This way, program should be effective possible to make different easily achievable without compromising financial requirements paper develops system that incorporates three novel strategies. The effectiveness adopted strategies is checked through extensive simulations benchmark prosumer environment. To end, scenario-based approach developed order manage uncertainties. introduced are compared with other well-known mechanisms. comparative index, which serves evaluate compromise between achievements bills, introduced. Results obtained demonstrate than approaches. fact, use proposed mechanisms, indicators can improved until ? 70%, while electricity bill only scarcely increased ( 0.11€). Other relevant aspects like influence storage capacity computational performance optimization framework also analysed.