Main Article Content
The demand side management and their response including peak shaving approaches and motivations with shiftable load scheduling strategies advantages are the main focus of this paper. A recent real-time pricing model for regulating energy demand is proposed after a survey of literature-based demand side management techniques. Lack of user’s resources needed to change their energy consumption for the system's overall benefit. The recommended strategy involves modern system identification and administration that would enable user side load control. This might assist in balancing the demand and supply sides more effectively while also lowering peak demand and enhancing system efficiency. The AFSA and BFO algorithms are combined in this study to handle the optimization of difficult problems in a range of industries. Although the BFO will be used to exploit the search space and converge to the optimum solution, the AFSA will be used to explore the search space and retain variation. In terms of reduction of peak demand, energy consumption, and user satisfaction, the AFSA-BFO hybrid algorithm outperforms previous techniques in the field of demand side management in a smart grid context, using an AFSA. According to simulation results, the genetic algorithm successfully reduces PAR and power consumption expenses.