Analyzing the Residential Electricity Consumption Under Varying Seasonal and Weather Conditions

This article analyses the effects of seasonal variations and weather effects on the electricity consumption of residential consumers. To optimize energy usage, precise load profile forecasts are critical, and Demand Side Management (DSM) is a key strategy. DSM reduces the cost of energy acquisition and the associated penalties by continuously monitoring energy use and managing appliance schedules. The proposed approach utilizes DSM-assisted agent-based modeling to anticipate electricity usage patterns for 300 households. It also models inductive and non-inductive loads separately and selects specific loads to operate at specific times. This research work investigates the impact of climate on residential electricity usage, including air conditioning and heating demands and overall power consumption. Results are compared with a similar study to validate our approach.

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Publication Details

Journal
Financial Engineering
Published
2024-10-08
DOI
https://doi.org/10.37394/232032.2024.2.20
Citations
1
Primary Topic
Smart Grid Energy Management
Type
article
Field-Weighted Citation Impact
0.21
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article

Analyzing the Residential Electricity Consumption Under Varying Seasonal and Weather Conditions

Attique Ur Rehman, Ihsan Ullah Khalil, Azhar Ul-Haq, Maryam Jalal
1 citations
Financial Engineering
Smart Grid Energy Management
0.21
article

Analyzing the Residential Electricity Consumption Under Varying Seasonal and Weather Conditions

Attique Ur Rehman, Ihsan Ullah Khalil, Azhar Ul-Haq, Maryam Jalal
article en
1 citations

Abstract

This article analyses the effects of seasonal variations and weather effects on the electricity consumption of residential consumers. To optimize energy usage, precise load profile forecasts are critical, and Demand Side Management (DSM) is a key strategy. DSM reduces the cost of energy acquisition and the associated penalties by continuously monitoring energy use and managing appliance schedules. The proposed approach utilizes DSM-assisted agent-based modeling to anticipate electricity usage patterns for 300 households. It also models inductive and non-inductive loads separately and selects specific loads to operate at specific times. This research work investigates the impact of climate on residential electricity usage, including air conditioning and heating demands and overall power consumption. Results are compared with a similar study to validate our approach.

Financial EngineeringVol. 2
National University of Technology (PK), National University of Sciences and Technology (PK)
Affordable and clean energy, Climate action
Openalex Percentile: Top 47%
Smart Grid Energy Management
0.21
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Analyzing the Residential Electricity Consumption Under Varying Seasonal and Weather Conditions — Attique Ur Rehman, Ihsan Ullah Khalil, et al. · Financial Engineering (2024) | TGRS Research Map | TGRS