Energy Management Considering Energy Storage and Demand Response for Smart Energy Hub in Internet of Things

This paper proposes an energy optimization management method of interaction between the smart energy hub (SEH) and users in the energy system. Internet of Things (IoT) and energy storage are also considered in the system. First, the models of the SEH and users are constructed. Then the profit models under the influence of energy storage are discussed. Next the Stackelberg game model is applied in this paper, where the SEH acts as the leader and the users are the followers. A double-layer algorithm is proposed to solve the problem. Finally, a case is studied to verify the correctness of the method. The results show that the method can be used for effective energy management in integrated energy system and IoT plays an important role in information exchange.