Optimality and PAR Reduction in Autonomous Demand Response: Evaluation and Billing Mechanisms

The main objective of this paper is to propose a more efficient, distributed, and multi-objective billing model that can be implemented in every smart meter the grid for achieving optimality fairness. First, we develop new evaluation index evaluate such as not only addressing fairness but also minimize cost reduce Peak-to-Average Ratio (PAR) load demand subsequently bill each customer. Then, study some models exist literature them with our index. Simulations are performed test performance terms optimality, PAR reduction