Optimization based Real-Time Home Energy Management in the Presence of Renewable Energy and Battery Energy Storage

摘要

This paper introduces a new Home Energy Management System (HEMS) to reduce the daily household energy costs, Maximize the PV self-consumption and increase customer benefits through managing the operation of a Home Energy Storage System (HESS) in an economic way. The proposed HEMS uses an optimization-based rolling horizon technique to determine the optimal settings of the HESS based on real-time measurements. The optimization process is executed every two minutes to update the settings for the HESS. The results obtained show the capability of the HEMS to reduce household utility bills and achieve an overall reduction in peak energy demand.