A Review on Demand Side Management: Definition, Scope, Challenges and Benefits
R. Premkumar, R. Shanmugasundaram, K. Raj Thilak, Avvaru Nohit Venkata Seetha Sai Balaji
Abstract
In traditional power grids, the demand and supply sides of electricity are essentially unconnected, with grid monitoring data handled solely by the operations side. In order for power networks to be stable, they must be able to satisfy electrical demand on a regular basis, which demands both parties' planning and communication. In order to improve grid stability, security, and efficiency, electric power generation and supply must evolve. By allowing information flow in both directions and active participation from all linked parties, the smart grid (SG) idea makes the future generation power network smarter and more intelligent. Concerns about electric sustainability, energy security, and economic growth require the development of new technologies. of a coordinating a heuristic-based approach for limiting energy use and improving system resilience during outages or peak periods. Demand management systems are used to accomplish this.