Challenges in Demand Side Management in Smart Power Grid: A Review

A power system can be seen from two sides i.e. from supply side and from demand side. Now days, Demand Side Management (DSM) is emerging as important part of Smart Grid. In this paper, we study and analyse the challenges seen are load scheduling, peak load management, renewable energy sources connection with the grid, cost optimization etc. The load scheduling can be made by way of an accurate two-way communiqué which has its individual challenges in the power system. Also, few other issues are likely security and privacy which needs a special focus. A special attention has been added w.r.t environmental consciousness. All these challenges need an optimizing approach which can be done with the help of demand side algorithms and game theories.