IoT‐Based Energy Management Strategies in Smart Grid

The Internet of things (IoT) enable advanced technologies mostly on the basis of advanced metering infrastructure and intelligent devices. In order to balance energy between generation and consumption sides and to realize the economic, reliable, and robust operation of energy systems with Smart Grid (SG) applications, an Energy Management System (EMS) should be established. Therefore, several models can be assigned for the EMS to handle the energy exchange and data communication among the participants to guarantee their privacy and self-sufficiency in the decision-making process. Accordingly, the IoT enables to analysis, share, and utilization of data gathered from different levels of an EMS. Furthermore, demand side management (DSM) programs as an imperative feature of EMSs can be proposed to enhance systematic application of network resources and reduce peak load demands. Based on the mentioned motivations, this chapter comprehensively reviews the energy management strategies in SG. The application of IoT facility for energy management in SGs is presented considering diverse types of EMS at the SG, i.e., smart home EMS and smart building EMS. Besides, network operator, data and communication technologies, and aggregators are reviewed as the participants of EMSs. Various distributed energy resources such as renewable energy sources, plug-in electric vehicles, and energy storage systems are also addressed. Moreover, the uncertainty management methods, power quality management, and DSM programs are reviewed to address vital factors in EMS implementation in SG.