An Optimized Framework of the Integrated Renewable Energy and Power Quality Model for the Smart Grid

Table 4

Comparison with existing work.

Sr. no	Reference	Objective	Pricing scheme	Optimization technique	Integration of renewable energy	Integration power quality	Load restore management
1	[28]	Cost reduction	RTP	Fractional programming approach	✓	✓	✕
2	[29]	Enhancement in overall utility	ToU	Mixed-integer nonlinear programming	✕	✕	✕
3	[30]	Bill reduction	RTP	Heuristic optimization	✕	✕	✕
4	[31]	Peak hours demand reduction	RTP	Enumeration/set theory	✓	✕	✕
5	[32]	Cost minimization	Fixed price	PSO	✓	✕	✕
6	[33]	Making load flat and cost reduction	RTP	Multiobjective	✓	✕	✕
7	[34]	Cost minimization	Fixed price	Game theoretic approach	✓	✕	✕
8	[35]	Demand reduction during peak hours	RTP	PSO	✓	✕	✕
9	Proposed	Cost reduction, power quality	RTP	GA	✓	✓	✓

Note. RTP: real-time pricing, PSO: particle swarm optimization, TU: time-of-use.