Meta-heuristic optimization based cost efficient demand-side management for sustainable smart communities

The monetary value of grid electricity is inflating significantly due to the staggeringly broadening gap between electricity demand and supply, which arise from the unceasing growth of consumption demands. Although heuristic optimization based demand side management has its merits, incorporating Ant Colony Optimization remains disputable due to its tendency to converge at a local optimum. Therefore, this work presents a hybridized algorithm of Ant Colony Optimization and Genetic Algorithm, which alleviates the drawbacks of Ant Colony Optimization through Genetic Algorithm. The proposed work promotes sustainable energy utilization simultaneously with demand-side optimization. The performance of the proposed algorithm is compared with no scheduling instance, Ant Colony Optimization based energy management controller, and mutated Ant Colony Optimization based appliance scheduling. The proposed algorithm successfully curtails 35.4% from community peak load demand and achieves 33.67% cumulative cost saving for the community. In other words, comparative analysis confirms the supremacy of the proposed algorithm in terms of minimizing peak load, total cost, peak-to-average ratio, and waiting time, while providing prevailing insights about proposed algorithm as a sustainable solution approach.