A review on peak shaving techniques for smart grids

Syed Sabir Hussain Rizvi; Krishna Teerth Chaturvedi; Mohan Lal Kolhe; Syed Sabir Hussain Rizvi; Krishna Teerth Chaturvedi; Mohan Lal Kolhe

doi:10.3934/energy.2023036

AIMS Energy

2023, Volume 11, Issue 4: 723-752. doi: 10.3934/energy.2023036

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A review on peak shaving techniques for smart grids

1.
Electrical Engineering Department, University Institute of Technology, RGPV, Bhopal, 462033, India
2.
Associate Professor, Electrical Engineering Department, University Institute of Technology RGPV, Bhopal, 462033, India
3.
Professor, Department of Engineering Sciences, University of Agder, Kristiansand, Norway

Received: 20 July 2023 Revised: 16 August 2023 Accepted: 21 August 2023 Published: 08 September 2023

Peak shaving techniques have become increasingly important for managing peak demand and improving the reliability, efficiency, and resilience of modern power systems. In this review paper, we examine different peak shaving strategies for smart grids, including battery energy storage systems, nuclear and battery storage power plants, hybrid energy storage systems, photovoltaic system installations, the real-time scheduling of household appliances, repurposed electric vehicle batteries, uni- and bi-directional electric vehicle charging, the demand response, the time-of-use pricing, load shedding systems, distributed generation systems and energy-efficient management. We analyze the potential of each strategy to reduce peak demand and shift energy consumption to off-peak hours, as well as identify the key themes critical to the success of peak shaving for smart grids, including effective coordination and communication, data analytics and predictive modeling and clear policy and regulatory frameworks. Our review highlights the diverse range of innovative technologies and techniques available to utilities and power system operators and it emphasizes the need for continued research and development in emerging areas such as blockchain technology and artificial intelligence. Overall, the implementation of peak shaving strategies represents a significant step toward a more sustainable, reliable and efficient power system. By leveraging the latest technologies and techniques available, utilities and power system operators can better manage peak demand, integrate renewable energy sources, and create a more reliable and secure grid for the future. By discussing cutting-edge technologies and methods to effectively manage peak demand and incorporate renewable energy sources, this review paper emphasizes the significance of peak shaving strategies for smart grids as a crucial pathway towards realizing a more sustainable, dependable and efficient power system.
Citation: Syed Sabir Hussain Rizvi, Krishna Teerth Chaturvedi, Mohan Lal Kolhe. A review on peak shaving techniques for smart grids[J]. AIMS Energy, 2023, 11(4): 723-752. doi: 10.3934/energy.2023036

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Abstract

Peak shaving techniques have become increasingly important for managing peak demand and improving the reliability, efficiency, and resilience of modern power systems. In this review paper, we examine different peak shaving strategies for smart grids, including battery energy storage systems, nuclear and battery storage power plants, hybrid energy storage systems, photovoltaic system installations, the real-time scheduling of household appliances, repurposed electric vehicle batteries, uni- and bi-directional electric vehicle charging, the demand response, the time-of-use pricing, load shedding systems, distributed generation systems and energy-efficient management. We analyze the potential of each strategy to reduce peak demand and shift energy consumption to off-peak hours, as well as identify the key themes critical to the success of peak shaving for smart grids, including effective coordination and communication, data analytics and predictive modeling and clear policy and regulatory frameworks. Our review highlights the diverse range of innovative technologies and techniques available to utilities and power system operators and it emphasizes the need for continued research and development in emerging areas such as blockchain technology and artificial intelligence. Overall, the implementation of peak shaving strategies represents a significant step toward a more sustainable, reliable and efficient power system. By leveraging the latest technologies and techniques available, utilities and power system operators can better manage peak demand, integrate renewable energy sources, and create a more reliable and secure grid for the future. By discussing cutting-edge technologies and methods to effectively manage peak demand and incorporate renewable energy sources, this review paper emphasizes the significance of peak shaving strategies for smart grids as a crucial pathway towards realizing a more sustainable, dependable and efficient power system.

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