  Mitigating Supply-Demand mismatch is critical for smooth power grid
operation. Traditionally, load curtailment techniques such as Demand Response
(DR) have been used for this purpose. However, these cannot be the only
component of a net-load balancing framework for Smart Grids with high PV
penetration. These grids can sometimes exhibit supply surplus causing
over-voltages. Supply curtailment techniques such as Volt-Var Optimizations are
complex and computationally expensive. This increases the complexity of
net-load balancing systems used by the grid operator and limits their
scalability. Recently new technologies have been developed that enable the
rapid and selective connection of PV modules of an installation to the grid.
Taking advantage of these advancements, we develop a unified optimal net-load
balancing framework which performs both load and solar curtailment. We show
that when the available curtailment values are discrete, this problem is
NP-hard and develop bounded approximation algorithms for minimizing the
curtailment cost. Our algorithms produce fast solutions, given the tight timing
constraints required for grid operation. We also incorporate the notion of
fairness to ensure that curtailment is evenly distributed among all the nodes.
Finally, we develop an online algorithm which performs net-load balancing using
only data available for the current interval. Using both theoretical analysis
and practical evaluations, we show that our net-load balancing algorithms
provide solutions which are close to optimal in a small amount of time.
