A Hardware Dynamic Pricing based Energy Management System

The energy sector worldwide is making great efforts to beat the gap between energy production and energy consumption. Other actions toward achieving more energy efficiency should be taken from the sides of both users and electricity providers. The subscriber to the utility should be included in the smart grid and the consumption control over various periods is mandatory either by shifting it to the off-peak periods or by its reduction according to the dynamic pricing. In this paper a new hardware energy management system has been built to combine the concept of demand response and dynamic pricing between the electricity provider and the subscribers; a real time pricing model has been applied in a Raspberry Pi 3 based smart meter connected to a Nude MCU Arduino smart plug. The system gives incentive users to shift or reschedule their demand in a way that results on less cost, less electricity production and thus more energy efficiency.