# The Emerging Energy Internet: Architecture, Benefits, Challenges, and Future Prospects
## 5 Benefits and Challenges in Energy Internet Implementation
### Benefits of EI Implementation  
* Customer Satisfaction  
The implementation of EI results in customer satisfaction, because of economic savings in electricity bills, less maintenance, and smart metering. Also, consumers can communicate directly with the power supply company, which results in flexibility in utilizing power, and they can even sell the excess and act as one of the participants in country development [65]. Thus, the concept of EI provides customer-driven access, which ultimately leads to satisfied customers.  
* Development of a new business model  
Because of the flexibility introduced in power exchanges with the concept of EI, a new business model is developed. A new trend is established in the world because of small-scale industries showing an interest in this business [66]. Multiple power producers, known as power players, are entering the new business model. This creates a more competitive environment, which in turn leads to economic electricity access to consumers.  
* Increased utilization of resources  
The energy crisis is an essential issue in the world. The EI system will raise the use of renewable energy resources, such as solar, wind, natural gas, tidal, and hydel, which are abundantly available. The EI system integrates all of the RERs at one point, for improved consumer satisfaction.  
* Improved system reliability  
The reliability of the power system is improved by the frequent system monitoring in EI. The stability is increased because of the balancing of variable loads. Disturbances such as faults and unnecessary breakdowns are reduced, and thus the power system's reliability is improved.  
* Increased energy efficiency  
EI consists of smart equipment systems, which result in a power-loss reduction. The faster information and communication, planning, and energy telemetry technologies used in EI make the system efficient [67]. The voltage and frequency fluctuations are reduced by using communication-based techniques. The load demand on the remote power plant is reduced. Transmission losses are reduced, and this leads to an increase in energy efficiency by introducing an EI system.  
* Optimized energy management system  
The main goal of the EMS system is to develop the management of a power grid by optimizing the demand-response, utility price decrement, and revenue saving by decreasing losses. In the EI architecture, with the plug-and-play sharing of load, DRERs and DESDs will generate local balance in the microgrid by decreasing the overall load consumption on the grid tie node, the central monitor, and control, which will manage the system efficiently and effectively, with plenty of advanced EMS techniques based on the real-time pricing environment, as shown in the literature [68].  
* Reduced residential consumption  
In a constant endeavor to reduce energy usage and have its most effective utilization, EI plays a crucial role. The consumers can manage and control their residential loads in a smart way with the help of EI, and thus reduce energy consumption, which results in energy savings.  
* Prediction of power system failures  
As EI will collect a large amount of data, the power system failures can be predicted and mitigated with the use of EI. This prediction-based analysis also helps to reduce the system downtime.