Internet of energy based smart power grids demonstrate high in-feed from renewable energy resources (RESs) and lofty out-feed to energy consumers. Uncertainties evolved by incorporating RESs and time-varying energy consumption present immense challenges to the optimal control of smart power networks. To deal with these challenges, it is important to make the system deterministic by making timeahead prediction and scheduling of power supply and demand. The present work confers a model of a co-scheduling framework, organizing cost-efficient activation of energy supply entities (ESEs) and load demands in a home area power network (HAPN). It integrates roof-top photovoltaic (PV) panels, diesel energy generator (DE), energy storage devices (ESDs), and smart load demands (SLDs) along with gridsupplied power. The scheduling model is based on mixed-integer linear programming (MILP) framework, incorporates a ''min-max'' optimization algorithm that reduces the daily energy bills, maintains high comfort level for the energy consumers, and increases the self-sufficiency of the home. The proposed strategy exploits the flexibility in dynamic energy price signals and SLDs of various classes, providing day-ahead cost-optimal scheduling decisions for incorporated energy entities. A linearized component-based model is developed, considering inefficiencies, taking various power phase modes of the SLDs along with the cost of operation, maintenance, and degradation of the equipment. A case study based on numerical analysis determines the particular features of the proposed HAPN model. Simulation results demonstrate the real prospect of our implemented strategy, utilizing a cost-effective optimal blend of distinct energy entities in a smart home. c Minimum power usage by the TCL unit (W ). P TCL c Maximum power usage by the TCL unit (W ). T TCL c User's set maximum temperature ( • C). T TCL c User's set minimum temperature ( • C).