Abstract
Distributed energy resources (DERs) and demand side management (DSM) strategy implementation in smart grids (SGs) lead to environmental and economic benefits. In this paper, a new DSM strategy is proposed for the day-ahead scheduling problem in SGs with a high penetration of wind energy to optimize the tri-objective problem in SGs: operating cost and pollution emission minimization, the minimization of the cost associated with load curtailment, and the minimization of the deviation between wind turbine (WT) output power and demand. Due to climatic conditions, the nature of the wind energy source is uncertain, and its prediction for day-ahead scheduling is challenging. Monte Carlo simulation (MCS) was used to predict wind energy before integrating with the SG. The DSM strategy used in this study consists of real-time pricing and incentives, which is a hybrid demand response program (H-DRP). To solve the proposed tri-objective SG scheduling problem, an optimization technique, the multi-objective genetic algorithm (MOGA), is proposed, which results in non-dominated solutions in the feasible search area. Besides, the decision-making mechanism (DMM) was applied to find the optimal solution amongst the non-dominated solutions in the feasible search area. The proposed scheduling model successfully optimizes the objective functions. For the simulation, MATLAB 2021a was used. For the validation of this model, it was tested on the SG using multiple balancing constraints for power balance at the consumer end.