Demand side management—A simulation of household behavior under variable prices

Within the next years, consumer households will be increasingly equipped with smart metering and intelligent appliances. These technologies are the basis for households to better monitor electricity consumption and to actively control loads in private homes. Demand side management (DSM) can be adopted to private households. We present a simulation model that generates household load profiles under flat tariffs and simulates changes in these profiles when households are equipped with smart appliances and face time-based electricity prices.