Abstract
The paper presents an innovative model for consumer participation in electricity market based on IoT. The goal is to develop a new business model and the underlying IoT infrastructure to enable the participation of individual household devices in smart grid services. The purpose of the proposed model is to allow for higher inclusion of renewable energy sources by providing cheap and flexible balancing services. The approach is based on the premise that consumers’ attitudes towards green energy and environmental protection are important incentives for acceptance of the proposed model, and as such should be closely monitored during its development. The proposed model has been evaluated through the study of consumer’ attitudes in the context of a smart grid in Serbia. The results show that consumers are interested in environmental conservation and are willing to participate in these new smart grid services.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Ipakchi, A., Albuyeh, F.: Grid of the future. IEEE Power Energy Mag. 7(2), 52–62 (2009)
Farhangi, H.: The path of the smart grid. IEEE Power Energy Mag. 8(1), 18–28 (2010)
Mashima, D., Chen, W.P.: Residential demand response system framework leveraging IoT devices. In: 2016 IEEE International Conference on Smart Grid Communications, SmartGridComm 2016, pp. 514–520 (2016)
Rahimi, F., Ipakchi, A.: Demand response as a market resource under the smart grid paradigm. IEEE Trans. Smart Grid 1(1), 82–88 (2010)
Albadi, M.H., El-Saadany, E.F.: A summary of demand response in electricity markets. Electr. Power Syst. Res. 78(11), 1989–1996 (2008)
ENTSO-E: Guideline on Electricity Balancing (2017). https://www.entsoe.eu/Documents/Network codes documents/NC EB/Informal_Service_Level_EBGL_16-03-2017_Final.pdf. Accessed 08 Jan 2020
Shuqin, W., Ang, T., Jancenelle, V.E.: Willingness to pay more for green products: the interplay of consumer characteristics and customer participation. J. Retail. Consum. Serv. 45, 230–238 (2018)
Vand, B., Hast, A., Bozorg, S., Li, Z., Syri, S., Deng, S.: Consumers’ attitudes to support green energy: a case study in Shanghai. Energies 12(12), 2379 (2019)
Gupta, S., Ogden, D.T.: To buy or not to buy? A social dilemma perspective on green buying. J. Consum. Mark. 26(6), 378–393 (2009)
Schuitema, G., Ryan, L., Aravena, C.: The consumer’s role in flexible energy systems: an interdisciplinary approach to changing consumers’ behavior. IEEE Power Energy Mag. 15(1), 53–60 (2017)
Abi Ghanem, D., Mander, S.: Designing consumer engagement with the smart grids of the future: bringing active demand technology to everyday life. Technol. Anal. Strateg. Manag. 26(10), 1163–1175 (2014)
Kiviluoma, J., et al.: Harnessing flexibility from hot and cold: heat storage and hybrid systems can play a major role. IEEE Power Energy Mag. 15(1), 25–33 (2017)
Pipattanasomporn, M., Feroze, H., Rahman, S.: Multi-agent systems in a distributed smart grid: design and implementation. In: IEEE/PES Power Systems Conference and Exposition 2009, PSCE 2009, pp. 1–8 (2009)
Venkatesh, V., Thong, J.Y., Xu, X.: Consumer acceptance and use of information technology: extending the unified theory of acceptance and use of technology. MIS Q. 157–178 (2012)
Acknowledgement
Authors are thankful to Ministry of education, science and technological development, Republic of Serbia, grant 174031.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Radenković, M., Bogdanović, Z., Despotović-Zrakić, M., Labus, A., Barać, D., Naumović, T. (2020). An IoT Approach to Consumer Involvement in Smart Grid Services: A Green Perspective. In: Rocha, Á., Adeli, H., Reis, L., Costanzo, S., Orovic, I., Moreira, F. (eds) Trends and Innovations in Information Systems and Technologies. WorldCIST 2020. Advances in Intelligent Systems and Computing, vol 1159. Springer, Cham. https://doi.org/10.1007/978-3-030-45688-7_54
Download citation
DOI: https://doi.org/10.1007/978-3-030-45688-7_54
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-45687-0
Online ISBN: 978-3-030-45688-7
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)