I. Introduction  
II. Home Energy Management and Monetary Cost Minimization  
A. Optimization-Based Residential Energy Management (OREM)  
B. In-Home Energy Management (iHEM)  
C. Appliance Coordination (ACORD)  
D. Optimal and Automatic Residential Energy Consumption Scheduler  
E. Appliance Coordination with Feed-In (ACORD-FI)  
F. Optimum Load Management (OLM) Strategy  
G. Decision Support Tool (DsT)  
H. Monitoring and Control Devices  
I. Intelligent Power Management Rostrum (IPMR)  
III. Challenges for Smart Grid  
IV. Conclusion