Analysis of the Effects of the Home Energy Management System from an Open Innovation Perspective
AbstractThe Home Energy Management System (HEMS) is a system for the efficient electric power consumption of each household. It can provide real-time electricity cost information according to electricity consumption, and households can immediately control their consumption of electricity. In this study, we analyzed the effects of the HEMS on the stability of demand for electric power. To do this, we analyzed the causal relationship between the amounts of electric power generation and consumption, from the system dynamics perspective. From the analysis, we found that in the current structure, the fluctuation of the quantity of demand became large due to the time delay in households recognizing the electric bill and adjusting their electric power consumption. However, when the HEMS was introduced, it could be seen that electric power demand remained stable since consumers could see their electricity bill in real-time and could manage their electricity consumption by themselves. View Full-Text
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Park, E.; Kim, B.; Park, S.; Kim, D. Analysis of the Effects of the Home Energy Management System from an Open Innovation Perspective. J. Open Innov. Technol. Mark. Complex. 2018, 4, 31.
Park E, Kim B, Park S, Kim D. Analysis of the Effects of the Home Energy Management System from an Open Innovation Perspective. Journal of Open Innovation: Technology, Market, and Complexity. 2018; 4(3):31.Chicago/Turabian Style
Park, EungSuk; Kim, BoRam; Park, SooHyun; Kim, Daecheol. 2018. "Analysis of the Effects of the Home Energy Management System from an Open Innovation Perspective." J. Open Innov. Technol. Mark. Complex. 4, no. 3: 31.
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