ABSTRACT
India’s energy intensity per unit of GDP is higher as compared to other countries which indicates inefficient use of energy but also substantial scope for energy saving. Energy is one of the most imperative aspects of a country’s technological progress. Efficient use of energy and it’s saving is essential for sustainable development. While there is plenty of research in the field of optimization of energy generation and distribution, it is the demand side that should receive increasing attention by researchers and industries. Demand Side Management (DSM) is a vital function to manage energy. DSM can attain reduction in energy utilization and cost savings via optimally developed methods. During the peak hours the use of electricity is high, but the capacity of the utility cannot be increased just to supply power in the peak hours due to limitations in natural and financial resources. The proposed system can tackle the above crisis by implementing various DSM techniques. Thereby implementing energy management and conservation providing financial benefits to the consumer.
