By International Energy Agency.; Organisation for Economic Co-operation and Development
The advance of clever grids - which the IEA defines as an electrical energy community that makes use of electronic and different complex applied sciences to observe and deal with the delivery of electrical energy from all new release resources to fulfill the various electrical energy calls for of finish clients - is key if the worldwide group is to accomplish shared targets for strength protection, financial improvement and weather switch mitigation. Unfortunately,Read more...
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Example text
13 Smart Grid Information Clearinghouse...................................................................... 8 Smart Grid Market Outlook.................................................................................................... 1 Market Drivers............................................................................................................. 2 Market Potential.......................................................................................................... 3 Smart Grid and IT Expenditure Forecasts...................................................................
Communities will enjoy greater energy security, as they rely increasingly on distributed energy resources in their own backyards. The most valuable benefit could be the opportunity to radically reduce the hidden costs of electricity to the environment and public health. The smart grid will enable significant reductions in both overall energy consumption [9] and peak use of electricity by giving customers real-time information and pricing, facilitating much broader use of demand response, providing the necessary information to support “continuous commissioning” in the built environment, increasing the capacity of existing transmission lines, and reducing T&D line losses.
They not only found that low-income customers did shift load in response to dynamic pricing but also found that because they began with a flatter load, they saved money even when they did not shift load [17]. The economic benefits of these peak reductions are broadly shared, even by consumers who do not shift their consumption. Shifting just 5% of peak demand reduces prices substantially for everyone [18], both because the most expensive peak power plants do not get turned on and because new peakers need not be built [18].