Energy Flexometer: An effective implementation of Internet of Things for market-based demand response in an energy management system

Market-based control mechanism (MCM) needs the IoT environment to fully explore flexibility potential from the end-users to offer to involved actors of the smart energy system. On the other hand, many IoT based energy management systems are already available to a market. This paper presents an approach to connect the current demand-driven (top-down) energy management system (EMS) with a market-driven (bottom-up) demand response program. To this end, this paper considers multi-agent system (MAS) to realize the approach and introduces the concept and standardize design of Energy Flexometer. It is described as an elemental agent of the approach. Proposed by authors Energy Flexometer consists of three different functional blocks, which are formulated as an IoT platform according to the LonWorks standard. Moreover, the paper also performs an evaluation study in order to validate the proposed concept and design.