Smart Grid for Smart Home
Smart Grid is a novel initiative that aims to deliver energy to the users and also to achieve efficiency in its consumption by having a two-way communication. The smart grid architecture is a combination of various hardware devices; management and reporting software tools that are coupled together by the ICT infrastructure. This infrastructure is needed to make the smart grid sustainable, creative and intelligent. One of the main goals of smart grid is to achieve Demand Response (DR) by increasing the end users’ participation in decision making and increasing the awareness that will lead them to manage their energy consumption in an efficient way. The aim of this research is to develop an approach by which Demand Response is achieved on a continuous basis at the home level. To achieve this, the dynamic notion of price will be utilised to develop an intelligent decision-making model that will assist the users in achieving demand response.