Residential Load Scheduling in Smart Grid: A Cost Efficiency Perspective

@article{Ma2016ResidentialLS,
  title={Residential Load Scheduling in Smart Grid: A Cost Efficiency Perspective},
  author={Jinghuan Ma and He Henry Chen and Lingyang Song and Yonghui Li},
  journal={IEEE Transactions on Smart Grid},
  year={2016},
  volume={7},
  pages={771-784}
}
In smart grid, residential consumers adopt different load scheduling methods to manage their power consumptions with specific objectives. The conventional load scheduling methods aim to maximize the consumption payoff or minimize the consumption cost. In this paper, we introduce a novel concept of cost efficiency-based residential load scheduling framework to improve the economical efficiency of the residential electricity consumption. The cost efficiency is defined as the ratio of consumer's… CONTINUE READING
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