Managing peak demand using direct load monitoring and control

The cost of catering for peak loads has caused electricity prices to double in Australia over the last five years. This paper discusses: Load profile optimisation through demand side energy management and power brokering; matching power companies imperative needs of reduced peak demand and flattened load profile with user's expectations of lower costs and higher service level; implementing demand response using smart appliances with an emphasis on methods and equipment needed for load monitoring and control, including measurement and identification of individual loads by both intrusive and non-intrusive methods. This approach reduces the need for new network investment while also reducing consumer's costs and allowing them some say in when and what can and can't be controlled.