Smart energy management for smart grids

Abstract

The main goal of developing a smart energy management system is to help corporations, organizations, groups, and individuals use energy consumption data wisely in order to maintain and improve energy consumption. This is, in fact, regarded as essential in the improvement of energy supplies, as it enhances access to more renewable energy usage at the household and community levels, which will also help with energy saving and CO2 emission reduction. Energy management can be defined as the conservation, control, and monitoring of energy in a smart grid. The main focus of this book is the investigation of the best energy management systems within micro-grids, households, and communities, in order to share energy in a very efficient way. The security and sustainability of smart grids are also discussed in this book. Three different energy sources will be discussed in this book: first, the energy generated and distributed by the utility, representing the main source of electricity to consumers; second, energy storage devices, which include battery storage, electric vehicles, and large-scale energy storage, where customers or third-party energy producers can store energy from the utility grid during lower price periods and use it during higher price periods; thirdly, renewable energy that is generated from natural sources, which are continuously replenished, thereby creating relative or total energy independence from the grid for customers.