ANALYSIS OF THE EFFECTIVENESS OF MODERN ENERGY GRID MANAGEMENT SYSTEMS

Abstract

Energy management systems can efficiently increase the balance between
supply and demand while reducing peak load during unscheduled periods. The
energy management system can handle distributing or exchanging energy among the
many energy resources available and economically supplying loads in a stable, safe,
and effective manner under all power grid operating situations. This article examines
the energy control system’s structure, goals, benefits, and challenges through an indepth investigation of the various stakeholders and participants involved in this
system. This review provides a detailed essential analysis of the operation of several
programs used inside the power management system, such as demand response,
demand management, and energy quality management. It also includes a summary
of the smart grid’s functionalities, features, and related techniques and has
discovered research gaps, challenges, and issues. Furthermore, in this article, the
authors review the literature on the enabling technologies of smart grid and
investigate the energy management system, which is among one of the major
emerging technologies and quantifications of the various uncertainty techniques. In
this paper, the authors also discussed the comprehensive review of researchers’
efforts and contributions to the smart energy management system in the smart grid.