Published Paper Details:

Modern power system have large amount of generation from fossil fuels which provide high degree of reliability and sustainability but produce carbon and pollute the environment from green house gasses. Distributed generation (DG) is the best alternative to reduce such problems but DG installations have their own problems of reliability and installed near consumer end need bidirectional power flow. Smart grid provides the solution by controlling the power consumption through Demand Side Management (DSM). Demand Side Management (DSM) is much needed requirement to control the consumption at distribution side, objective of the paper is to compare the two latest technologies of DSM through literature review, which are Time-of Utilization (TOU) and Stepwise Power Tariff (SPT). TOU is the methodology used to reduce the difference between peak and normal hour power consumption and STP is divided the power consumption in several parts and reduce the cost. Both these methodologies are used together for better results as future scope.