Futuristic Sustainable Energy Management in Smart Environments: A Review of Peak Load Shaving and Demand Response Strategies, Challenges, and Opportunities

Bhagya Nathali Silva, Murad Khan and Kijun Han
Additional contact information
Bhagya Nathali Silva: School of Computer Science and Engineering, Kyungpook National University, Daegu 41566, Korea
Murad Khan: School of Computer Science and Engineering, Kyungpook National University, Daegu 41566, Korea
Kijun Han: School of Computer Science and Engineering, Kyungpook National University, Daegu 41566, Korea

Sustainability, 2020, vol. 12, issue 14, 1-23

Abstract: The emergence of the Internet of Things (IoT) notion pioneered the implementation of various smart environments. Smart environments intelligibly accommodate inhabitants’ requirements. With rapid resource shrinkage, energy management has recently become an essential concern for all smart environments. Energy management aims to assure ecosystem sustainability, while benefiting both consumers and utility providers. Although energy management emerged as a solution that addresses challenges that arise with increasing energy demand and resource deterioration, further evolution and expansion are hindered due to technological, economical, and social barriers. This review aggregates energy management approaches in smart environments and extensively reviews a variety of recent literature reports on peak load shaving and demand response. Significant benefits and challenges of these energy management strategies were identified through the literature survey. Finally, a critical discussion summarizing trends and opportunities is given as a thread for future research.

Keywords: sustainable energy; demand side management; decision management; energy management; smart environments (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
https://www.mdpi.com/2071-1050/12/14/5561/pdf (application/pdf)
https://www.mdpi.com/2071-1050/12/14/5561/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:14:p:5561-:d:382719

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().