Minimization of Residential Electricity Bill using EMS

Husnu Alay; Cenk Andic; Esra Aydin; Mikail Purlu; Belgin Emre Turkay

doi:10.1109/ELECO60389.2023.10415953

Minimization of Residential Electricity Bill using EMS

Husnu Alay^*
, Cenk Andic
, Esra Aydin
, Mikail Purlu
, Belgin Emre Turkay

^*Corresponding author for this work

Department of Electrical Engineering

Istanbul Technical University
Cumhuriyet University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

As global energy demand continues to rise, integrating renewable resources has emerged as a practical solution. However, handling the intermittency of renewables presents a challenge. An effective approach is optimizing energy management, specifically Solar PV panels and energy storage, alongside the primary utility. In this study, we use linear optimization to minimize residential electricity bills over one year. The approach schedules energy use based on solar power availability, energy storage system (ESS) state-of-energy (SoE), and dynamic tariffs, efficiently utilizing resources. Testing the impact of a smart energy management system (EMS) across three scenarios shows significant cost reductions compared to static tariffs, proving the EMS's real time benefits.

Original language	English
Title of host publication	14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9798350360493
DOIs	https://doi.org/10.1109/ELECO60389.2023.10415953
Publication status	Published - 2023
Event	14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Virtual, Bursa, Turkey Duration: 30 Nov 2023 → 2 Dec 2023

Publication series

Name	14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings

Conference

Conference	14th International Conference on Electrical and Electronics Engineering, ELECO 2023
Country/Territory	Turkey
City	Virtual, Bursa
Period	30/11/23 → 2/12/23

Bibliographical note

Publisher Copyright:
© 2023 IEEE.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

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10.1109/ELECO60389.2023.10415953

Cite this

Alay, H., Andic, C., Aydin, E., Purlu, M., & Turkay, B. E. (2023). Minimization of Residential Electricity Bill using EMS. In 14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings (14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ELECO60389.2023.10415953

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abstract = "As global energy demand continues to rise, integrating renewable resources has emerged as a practical solution. However, handling the intermittency of renewables presents a challenge. An effective approach is optimizing energy management, specifically Solar PV panels and energy storage, alongside the primary utility. In this study, we use linear optimization to minimize residential electricity bills over one year. The approach schedules energy use based on solar power availability, energy storage system (ESS) state-of-energy (SoE), and dynamic tariffs, efficiently utilizing resources. Testing the impact of a smart energy management system (EMS) across three scenarios shows significant cost reductions compared to static tariffs, proving the EMS's real time benefits.",

author = "Husnu Alay and Cenk Andic and Esra Aydin and Mikail Purlu and Turkay, \{Belgin Emre\}",

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doi = "10.1109/ELECO60389.2023.10415953",

language = "English",

series = "14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings",

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Alay, H, Andic, C , Aydin, E, Purlu, M & Turkay, BE 2023, Minimization of Residential Electricity Bill using EMS. in 14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings. 14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings, Institute of Electrical and Electronics Engineers Inc., 14th International Conference on Electrical and Electronics Engineering, ELECO 2023, Virtual, Bursa, Turkey, 30/11/23. https://doi.org/10.1109/ELECO60389.2023.10415953

Minimization of Residential Electricity Bill using EMS. / Alay, Husnu; Andic, Cenk ; Aydin, Esra et al.
14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings. Institute of Electrical and Electronics Engineers Inc., 2023. (14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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T1 - Minimization of Residential Electricity Bill using EMS

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AU - Andic, Cenk

AU - Aydin, Esra

AU - Purlu, Mikail

AU - Turkay, Belgin Emre

PY - 2023

Y1 - 2023

N2 - As global energy demand continues to rise, integrating renewable resources has emerged as a practical solution. However, handling the intermittency of renewables presents a challenge. An effective approach is optimizing energy management, specifically Solar PV panels and energy storage, alongside the primary utility. In this study, we use linear optimization to minimize residential electricity bills over one year. The approach schedules energy use based on solar power availability, energy storage system (ESS) state-of-energy (SoE), and dynamic tariffs, efficiently utilizing resources. Testing the impact of a smart energy management system (EMS) across three scenarios shows significant cost reductions compared to static tariffs, proving the EMS's real time benefits.

AB - As global energy demand continues to rise, integrating renewable resources has emerged as a practical solution. However, handling the intermittency of renewables presents a challenge. An effective approach is optimizing energy management, specifically Solar PV panels and energy storage, alongside the primary utility. In this study, we use linear optimization to minimize residential electricity bills over one year. The approach schedules energy use based on solar power availability, energy storage system (ESS) state-of-energy (SoE), and dynamic tariffs, efficiently utilizing resources. Testing the impact of a smart energy management system (EMS) across three scenarios shows significant cost reductions compared to static tariffs, proving the EMS's real time benefits.

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DO - 10.1109/ELECO60389.2023.10415953

M3 - Conference contribution

AN - SCOPUS:85185831224

T3 - 14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings

BT - 14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 14th International Conference on Electrical and Electronics Engineering, ELECO 2023

Y2 - 30 November 2023 through 2 December 2023

ER -

Alay H, Andic C , Aydin E, Purlu M, Turkay BE. Minimization of Residential Electricity Bill using EMS. In 14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings. Institute of Electrical and Electronics Engineers Inc. 2023. (14th International Conference on Electrical and Electronics Engineering, ELECO 2023 - Proceedings). doi: 10.1109/ELECO60389.2023.10415953

Minimization of Residential Electricity Bill using EMS

Abstract

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Bibliographical note

UN SDGs

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