IoT enabled Intelligent Energy Management System employing advanced forecasting algorithms and load optimization strategies to enhance renewable energy generation

Effectively utilizing renewable energy sources while avoiding power consumption restrictions is the problem of demand-side energy management. The goal is to develop an intelligent system that can precisely estimate energy availability and plan ahead for the next day in order to overcome this obstacle. The Intelligent Smart Energy Management System (ISEMS) described in this work is designed to control energy usage in a smart grid environment where a significant quantity of renewable energy is being introduced. The proposed system evaluates various predictive models to achieve accurate energy forecasting with hourly and day-ahead planning. When compared to other predictive models, the Support Vector Machine (SVM) regression model based on Particle Swarm Optimization (PSO) seems to have better performance accuracy. Then, using the anticipated requirements, the experimental setup for ISEMS is shown, and its performance is evaluated in various configurations while considering features that are prioritized and associated with user comfort. Furthermore, Internet of Things (IoT) integration is put into practice for monitoring at the user end. [Display omitted] •In the energy sector, there is a need for an integrated co-operative operational mechanism taking into account of power supply and demand entity to reduce the mismatch.•The power management operational task seeks for the development of inexpensive and efficient Smart Energy Management System (SEMS). Further, deployment of power negotiating algorithms with reliable communication capability is essential to reduce the overall power consumption and hence, minimize the electricity cost.•A comprehensive initiative in smart grid is essential, which includes energy management framework associated with an IoT environment that monitors and visualizes power consumption at the consumer premises.•Optimization techniques are to be evaluated to find the cost effective and computationally efficient approach for the given demand side consumer constraints.•Accurate prediction of power generation or power availability is required for Proper scheduling mechanism.