Modernized energy management system: A review

The usage of renewable energy system (RES) and its management is vital for reliable electrical energy delivery without pollution. In the scenario of increase in distributed generations (DGs), to utilize the generated electricity from RES without any wastage, to avoid the consumption of electricity during peak hours, to store and retrieve energy in an efficient way from the battery, there is a need for overall energy management system (EMS). As the prices for electricity and pollution are reduced, the review of available methodologies is discussed in this paper. The EMS takes decision based on the predicted load demand. So, the different prediction methodologies and their benefits are also discussed here. Though the electric vehicles (EVs) are considered as load in power system, the storage facility of the EVs are also used as power backup facilities through vehicle to grid (V2G) technology. This paper provides a review on the complete management of RES, EVs, batteries and load.