Optimization Techniques for Home Energy Management: A Review

Smart Gird is a technology that has brought many advantages with its evolution. Smart Grid is indispensable as it will lead us towards environmentally sustainable economic growth. Home energy management in Smart Grid is a hot research topic now a days. It aims at reducing the energy cost of users, gaining energy self-reliance and decreasing Greenhouse gas emissions. Renewable energy technologies nowadays are best suitable for off grid services without having to build extensive and complicated infrastructure. With the advent of Smart Grid (SG), the occupants have the opportunity to integrate with renewable energy sources (RESs) and to actively take part in demand side Management (DSM). This review paper is comprehensive study of various optimization techniques and their implementation with respect to electricity cost diminution, load balancing, power consumption and user's comfort maximization etc. for Home Energy Management in Smart Grid. This paper summarizes recent trends of energy usage from hybrid renewable energy integrated sources. It discusses several methodologies and techniques for hybrid renewable energy system optimization.