Energy trading market evolution to the energy internet a feasibility review on the enabling internet of things (IoT) cloud technologies

Agavanakis, Kyriakos; Papageorgas, Panagiotis; Vokas, Georgios A.; Ampatis, Dionysios; Salame, Chafic

doi:10.1063/1.5039264

Cited by 8 publications

(7 citation statements)

References 21 publications

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“…The performance of the activities performed in this layer depends on a clear definition of the standard protocols and APIs and the scalability of solutions for the Uniform Resource Locator (URL) resources [46]. This performance also depends on user authentication algorithms [13], faster traffic, and information delivery [47,112], which can be influenced by the Internet response time [49,53,113]. Lastly, an opportunity to be explored is to use social networks as a way to connect the service and application layers [28].…”

Section: Sessionmentioning

confidence: 99%

“…A point highlighted by several authors is the development and implementation of interactive dashboards for monitoring, control, and decision-making with a friendly interface customizable by users. This is easily manipulated by users from different areas of knowledge [17,22,31,75,84,91,113]. Taking this into account, the energy management dashboards must faithfully virtualize the installed physical infrastructure [78,87] and provide updated information in real-time [20,78] with low latency [56] by integrating the energy management system with the other layers and management support blocks, including the energy market in real-time [114].…”

Section: Applicationmentioning

confidence: 99%

“…Due to this, a serious problem to be faced is the communication delay between the Broker-Cloud-Application due to the long distance of data transmission [5]. Some means that can be used to assist in the agility of service to users are to use automated response systems for users, such as autonomous agents and chatbots [113], and use software for automatic verification of the user default [49].…”

Section: Support Blocksmentioning

confidence: 99%

“…The main financial return of the companies that will act in the broker environment will be through the pricing of the fees for using storage services and the fees for energy transaction services [118]. However, other important opportunities can be related to the centralizing of additional activities, such as the integration of centralized energy monitoring, building control, and security systems, and vehicle battery charge level [45,113].…”

Section: Support Blocksmentioning

confidence: 99%

“…The evolution of current energy management systems to an ECM system also depends on evolution in the energy markets, which should have greater freedom, decentralization, dynamicity, and are without intermediaries [67,113]. Among the options for this evolution, the creation of cooperative systems can be cited so that users have greater negotiating power in the electricity market [7], and also have a decrease in marginal costs in the purchase and sale of energy from virtual power plants (VPP) [85] by taking into account that the optimal cost is when all devices are operating under ideal technical and safety conditions [48].…”

Section: Support Blocksmentioning

confidence: 99%

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Management Challenges and Opportunities for Energy Cloud Development and Diffusion

et al. 2020

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The use of emerging technologies such as cloud computing, Internet of Things, and Big Data, is increasing as tools to assist the management of data and information related to energy systems grow. This allows for greater flexibility, scalability of solutions, optimization of energy use, and management of energy devices. In this sense, the objective of this research is to present the basic elements and requirements for the energy cloud and its management and discuss the main management challenges and opportunities for the development and diffusion of the energy cloud. This study was based on a systematic review carried out to identify the elements that compose the energy cloud and what is necessary for its management, and to list the challenges and opportunities that may be explored by researchers and practitioners. The results show that the layout for the energy cloud and its management can be structured in layers and management support blocks’ format. It was found that 70 basic elements make up the main layers and 36 basic elements make up the management support blocks. The findings of this article also provide insights into the technical, scientific, and management development necessary for the evolution of energy systems toward the cloud computing environment.

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Section: Sessionmentioning

confidence: 99%

Section: Applicationmentioning

confidence: 99%

Section: Support Blocksmentioning

confidence: 99%

Section: Support Blocksmentioning

confidence: 99%

Section: Support Blocksmentioning

confidence: 99%

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Management Challenges and Opportunities for Energy Cloud Development and Diffusion

et al. 2020

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Proposal for a new layer for energy cloud management: The regulatory layer

et al. 2021

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Summary The global energy matrix has been transforming in recent years and today it is moving toward a decentralized form of management for the generation of clean energy worldwide. With this, new ways of management for the energy environment has been emerging, being the Energy Cloud (EC), through cloud computing, one of these trends that seek to optimize the process of generation, distribution, storage and energy consumption, making the most flexible and dynamic energy market. Given these motivations, the objective of this article is to discuss the proposal of a series of technical, economic, and environmental standards for energy management in a cloud computing environment. For this, a systematic review was carried out to identify these regulatory suggestions, where through the reading and analysis of 121 articles, 72 suggestions were extracted and classified according to the layers and management support blocks of from EC management environment. Besides, these policies were grouped according to their approach into technical, economic, and environmental factors to identify what was already proposed by the academy's authors and what are the regulatory deficiencies for EC. These regulatory suggestions can be used by policy‐makers, researchers, and managers of this innovative energy management environment, which is the EC. Novelty Statement This study consists of a regulatory proposal for Energy Cloud (EC), an innovative energy management environment. As there is still no regulatory body responsible for the regulation of EC, the main contribution of this article is the proposal of a regulation layer. In this sense, 72 suggestions for standards were raised, presenting a new layer for EC.

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Critical success factors for the implementation and management of energy cloud environments

Schaefer

Siluk

Carvalho

2022

Intl J of Energy Research

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Energy trading market evolution to the energy internet a feasibility review on the enabling internet of things (IoT) cloud technologies

Cited by 8 publications

References 21 publications

Management Challenges and Opportunities for Energy Cloud Development and Diffusion

Management Challenges and Opportunities for Energy Cloud Development and Diffusion

Proposal for a new layer for energy cloud management: The regulatory layer

Critical success factors for the implementation and management of energy cloud environments

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