Computer Engineering Commons^™

Optimal Energy Scheduling For A Smart Entity, Amin Fakhrazari, Hamid Vakilzadian, F. Fred Choobineh

Department of Electrical and Computer Engineering: Faculty Publications

Real-time availability of electricity prices via a smart power grid has a potential bilateral benefit to electricity users and suppliers. The users can reduce their costs by consuming energy during low-price hours and balancing their energy usage during other hours. This in turn benefits energy utility companies by reducing their peak power demand. This article describes an optimal shrinking horizon model for electricity-consuming units based on user preferences. The proposed model optimizes the end user’s electricity cost while meeting preferred comfort levels. The user can set preferences in the model using a tristate flexibility parameter for each electric-power-consuming unit. The …