Integrating Home Energy Simulation and Dynamic Electricity Price for Demand Response Study

This paper studies how to develop and evaluate demand response strategies from the consumer's perspective through a computational experiment approach. The proposed approach includes a home energy consumption simulator, a demand response mechanism obtained through optimization, particle swam or heuristic method, and an integrative computing platform that combines the home energy simulator and MATLAB together for demand response development and evaluation. Several demand response strategies are developed and evaluated through the computational experiment technique. The paper investigates and compares characteristics of different demand response strategies and how they are affected by dynamic pricing tariffs, seasons, and weather. Case studies are conducted by considering home energy consumption, dynamic electricity pricing schemes, and demand response methods.