Pricing policy applied of power quality in smart metering system

Abstract

Meeting energy demands of the power system has been one of the main objectives of power engineers, but due to power quality issues, these demands are never satisfied. Power quality problems have existed in every power system, the more advanced the system, the higher probability for issues to occur, and the smart grid is no exception. In this project, a study of a residential area is implemented using the LabVIEW simulation software, in which the power of each house is monitored in real time, each house with its own appliances, meaning the power of the whole system is also monitored, both instantaneous and accumulative power, current, power factor, all elements for system assessment, also a billing policy of each individual house to see the total price to be paid for the power supplied. All these factors would help to analyze and overview the effect of power quality problems on the area both electrically and economically. The results of the simulation indicate that the pricing policy proposed is indeed effective for both sides of the grid, the supplier and the consumer.