Smart grid for optimal provider-consumer collaboration

An algorithm which optimizes the water cost and consumption volumes is considered herein. The consumers are required to adapt to online consumption schedules which lower the peak values and reduce costs during those hours. The assumption being made is that consumers are willing to be flexible with their consumption habits in order to benefit from the lower water prices. The algorithm integrates the total provision volume supplied by the corporate, the water cost announced by the corporate and the resulting individual consumption schedules. The results show the problem formulation and results and do not provide a comparison with a non-adaptive water cost solution.