Residential Demand Side Management model, optimization and future perspective: A review

The residential load sector plays a vital role in terms of its impact on overall power balance, stability, and efficient power management. However, the load dynamics of the energy demand of residential users are always nonlinear, uncontrollable, and inelastic concerning power grid regulation and management. The integration of distributed generations (DGs) and advancement of information and communication technology (ICT) even though handles the related issues and challenges up to some extent, till the flexibility, energy management and scheduling with better planning are necessary for the residential sector to achieve better grid stability and efficiency. To address these issues, it is indispensable to analyze the demand-side management (DSM) for the complex residential sector considering various operational constraints, objectives, identifying various factors that affect better planning, scheduling, and management, to project the key features of various approaches and possible future research directions. This review has been done based on the related literature to focus on modeling, optimization methods, major objectives, system operation constraints, dominating factors impacting overall system operation, and possible solutions enhancing residential DSM operation. Gaps in future research and possible prospects have been discussed briefly to give a proper insight into the current implementation of DSM. This extensive review of residential DSM will help all the researchers in this area to innovate better energy management strategies and reduce the effect of system uncertainties, variations, and constraints.