Minimization of Residential Electricity Bill using EMS

As global energy demand continues to rise, integrating renewable resources has emerged as a practical solution. However, handling the intermittency of renewables presents a challenge. An effective approach is optimizing energy management, specifically Solar PV panels and energy storage, alongside the primary utility. In this study, we use linear optimization to minimize residential electricity bills over one year. The approach schedules energy use based on solar power availability, energy storage system (ESS) state-of-energy (SoE), and dynamic tariffs, efficiently utilizing resources. Testing the impact of a smart energy management system (EMS) across three scenarios shows significant cost reductions compared to static tariffs, proving the EMS’s real time benefits.