Lab VIEW home energy management system software for residential load control with price prediction

In India the need for electricity is growing day by day due to different factors. Still it is not viable to store electricity in large quantities. Reasons for this shortage is due to India´s manufacturing sector, domestic demands etc. As one of the major parts is due to home appliances so the best method to control the energy crisis is the management and conservation of energy should be done in proper and in efficient way. So this HEMS based on price prediction will introduce the consumer to calculate the load consumption and can predict the price for the consumption to save their electricity bills. By using HEMS, the problem of electricity bill can be minimized which is the best method to save energy and save money.