A New Tariff Based Energy Saving and Sharing Scheme from Renewable Energy Using Smart Grid

Abstract of our paper’s major intent is to manage power and to share the solar load power to grid system by using smart grid technologies that is called as Demand Side Management (DSM). This paper gives the idea of modernized delivery system of electricity in which it observes, safeguards and adjusts accordingly with the energy that is used in home. The objective of the work is when the renewable resources are plentiful and electricity becomes affordable, time-of-use pricing, which allows customers to move some of their energy use to consistent and convenient moment of the day.