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This paper reviews the applications of Internet of Things (IoT) and digital twin technology in electrical power systems. It begins by discussing the generalized IoT value chain, followed by the terminology of smart grid, with clarifying the role of IoT‐systems and the digital twin structure within the Smart Grid. A comparison between different short‐range and long‐range transports is presented. The paper then discusses the use of IoT and digital twin technology for effective energy management with applications in smart homes, smart buildings, smart grids, smart industries (Industry 4.0), smart transportation and smart cities. Additionally, the paper explores the use of IoT and digital twin technology for condition monitoring and diagnosis (CMD) in electrical power systems. Three different cases are presented for CMD, that is, CMD of power transformers, CMD of electrical grids and CMD of substations. IoT and digital twin applications are also highlighted in power electronic systems. Finally, the paper discusses the challenges and opportunities of applying IoT and digital twin technology to electrical power systems and provides recommendations for future research. [ABSTRACT FROM AUTHOR]

Nowadays, the load monitoring system is an important element in smart buildings to reduce energy consumption. Nonintrusive load monitoring (NILM) is utilized to determine the power consumption of each appliance in smart homes. The main problem of NILM is how to separate each appliance's power from the signal of aggregated consumption. In this regard, this paper presents a combination between particle swarm optimization (PSO) and artificial neural networks (ANNs) to identify electrical appliances for demand‐side management. ANN is applied in NILM as a load identification task, and PSO is used to train the ANN algorithm. This combination enhances the NILM technique's accuracy, which is further verified by experiments on different datasets like Reference Energy Disaggregation Dataset, UK Domestic Appliance‐Level ElectricityUK‐DALE, and Indian data for Ambient Water and electricity Sensing. The high accuracy of the proposed algorithm is verified by comparisons with state of the art methods. Compared with other approaches, the total mean absolute error has decreased from 39.3566 to 18.607. Also, the normalized root mean square error (NRMSE) method has been used to compare the measured and predicted results. The NRMSE is in the range of 1.719%–16.514%, which means perfect consistency. This demonstrates the effectiveness of the proposed approach for home energy management. Furthermore, customer behavior has been studied, considering energy costs during day hours. [ABSTRACT FROM AUTHOR]