Optimal residential load scheduling scheme with price prediction

• Main Author: Ho, Jian Wei
• Other Authors: Soh Cheong Boon
• Format: Final Year Project
• Language: English
• Published: 2019
• Subjects: DRNTU::Engineering::Electrical and electronic engineering
• Online Access: http://hdl.handle.net/10356/77762
• Institution: Nanyang Technological University

Electricity is generated and cannot be stored. Hence, its wholesale prices fluctuates daily and changes at various times of the day. In contrast to current normal flat rates, real-time electricity pricing (RTP) model may achieve environmental and economic advantages. By responding to pricing, consum...