IoT based Energy Management System for Smart Grid

In the modern days the word “Smart Grid” becomes a common word which can also be used as a junction which monitor demand side energy as well as the incoming energy and make it balance when the demand is on the peak or in low position it contributes the saved electric energy with the help of Internet of Things (loT). The IoT make power grid (smart grid) more reliable and economical. By IoT there is no lack of information in demand and supply and also it helps to save the energy. It also make pre-pattern of electricity consumption as the load demand and send signal to generation side for the required energy for the specific time period. The smart grid with IoT integrates the high speed response and storage system also with energy consumption. This type of networking by using IoT makes the operation of Smart Grid more reliable and burden free from the high demand periods (because the stored energy is used for the required demand). It also makes a better environment to collect the power from distributed generation and fasten the use of operation in the smart grid environment using loT. In this paper the use of IoT is discussed to work with Smart Grid for the better, economical, loss free power and also it helps in energy saving by reduce wastage. IoT is also used for the transfer of real time information to the Smart Grid and when the increase or decrease of demand takes places it helps in the saving of energy. User and supplier communication has been established by IoT for the proposed system.