Economical Demand-Side Management with Distributed Energy Resources

A potent technology for demand response is proposed in this paper. The proposed algorithm is believed to bring significant monetary increments and improvements in grid stability, especially within the emerging context of renewables as well as Electric Vehicles (EVs). This research presents an innovative strategy for finding residential participants with load profiles alone for maintaining grid stability, which is useful in data-scarce countries like India. The proposed algorithm aimed at maximizing customer and grid benefits. Additionally, the adoption of Distributed Energy Resources (DERs) will make Demand Side Management (DSM) strategies more effective, thus underlining their significance in molding a sustainable energy environment. More importantly, the study contributes to the knowledge of economic DSM practices outlining DER integration for future energy resilience and sustainability.