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Right power, right price [enterprise energy management systems]

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2 Author(s)
Forth, B. ; Power Meas., Victoria, BC, Canada ; Tobin, T.

Beyond price, large energy consumers are increasingly demanding higher value for their energy investment. For many businesses, especially those that are part of the burgeoning digital economy, this includes an expectation of energy delivered at higher levels of quality and reliability. These factors are driving enterprises on both the supply and demand side of energy to seek better strategies to manage the cost and quality of the energy product and the energy assets that produce, deliver, control, and consume it. However, to achieve this, all enterprises face three very large and fundamental challenges, which are the needs to: support the economic and efficient delivery, purchasing, and use of energy, guarantee higher levels of power quality and reliability the grid cannot currently deliver Supply the increasing demand for energy while establishing a market-based pricing system. The key to addressing all of these challenges is an Internet-enabled enterprise energy management (EEM) system that delivers real-time information and control through an efficient, economical, and scalable architecture

Published in:

Computer Applications in Power, IEEE  (Volume:15 ,  Issue: 2 )