Abstract
The rapid increase in demand for electricity and the emergence of the smart grid have dealt with optimistic opportunities for home energy management systems. The smart home with the integration of renewable energy sources such as photovoltaic systems, micro-wind turbines, and battery storage can provide in-house power generation and also give the option of exporting power to the grid. This paper mainly proposes a centralized coordinated neighborhood power-sharing with incentive-based energy management for multiple smart home consumers. The incentive method and various pricing schemes like time of use and feed-in tariff are considered in this paper to determine the electricity billing of all smart home consumers. Due to these incentives and pricing schemes in this model, all smart home consumers are encouraged to be involved in neighborhood energy sharing. A group of ten smart homes with various load profiles and RER energy integration is considered as a test system to determine the performance of the proposed neighborhood smart home energy management model. The simulation results show that the centralized neighborhood-coordinated smart home energy management model can provide significant economic benefits to all smart home consumers when compared to the without neighborhood power-sharing case.
