Contemporary Energy Management Systems and Future Prospects

Abstract

The transformation of electric grid into smart grid has improved management of available resources and increased energy efficiency. Energy management systems (EMS) play an important role in enhancing user participation in control of energy management. Using such systems, consumers can obtain information about their energy consumption patterns and shape their energy consumption behaviors for efficient energy utilization. Contemporary EMS utilizes advanced analytics and ICT to provide consumers actionable feedback and control of energy management. These systems provide high availability, an easy-to-use user interface, security, and privacy. This chapter explores the contemporary EMS, their applications, classifications, standards, and frameworks. The chapter defines a set of requirements for EMS and provides feature comparison of various EMS. The chapter also discusses emerging trends and future research areas in EMS.