Marketplaces for Energy Demand-Side Management based on Future-Internet Technology

TL;DR

This paper explores how Future-Internet technologies and market mechanisms can enable demand-side management in energy systems to better integrate renewable energy sources and reduce greenhouse gases.

Contribution

It introduces novel approaches using Future-Internet enablers and market mechanisms for demand-side management in energy systems.

Findings

Demonstrated potential of Future-Internet enablers for energy management

Proposed market mechanisms for demand-side balancing

Showed feasibility of integrating renewables with demand-side solutions

Abstract

Renewable energies become more important, and they contribute to the EU's goals for greenhouse-gas reduction. However, their fluctuating nature calls for demand-side-management techniques, which balance energy generation and consumption. Such techniques are currently not broadly deployed. This paper describes the latest results from the FINSENY project on how Future-Internet enablers and market mechanisms can be used to realise such systems.