Smart Grid Policy Handbook 2018
Smart grids use computer-based remote control and automation technology to collect and manage electricity-usage data. Some use two-way communication technology and communication processes to increase system efficiency, facilitate fast data transfer, and improve energy management.
A key benefit of adopting smart grids is the ability to reduce power consumption at the consumer end during peak hours. Smart grids allow grid energy storage for distributed generation load-balancing and enable distributed generation sources, such as photovoltaic (PV) arrays, wind turbines, micro hydro, and combined heat and power generators, to connect to the grid. They also eliminate or contain grid failures and improve energy efficiency by modifying consumer behavior through in-home displays (IHDs) and variable electricity rates, saving companies and consumers’ money, as well as reducing carbon dioxide (CO2) emissions.
A number of governments are increasingly viewing smart grid technology as a strategic infrastructural investment that will enable their long-term economic prosperity and help them to achieve their carbon emission reduction targets. The EU introduced a strategic energy technology plan in 2006 for the development of a smart electricity system over the next 30 years. The European Technology Platform organization consists of industry representatives, transmission and distribution (T&D) system operators, research bodies, and regulators. If the EU is to meet its 2020 targets, which are increasing energy efficiency by 20%, increasing its share of renewable energy by 20% and reducing its greenhouse gas (GHG) emissions by 20%, it must modernize and liberalize its aging electricity grid, create economies of scale for renewable energy, and promote consumer efficiencies. In 2016, the European Commission proposed a 2030 energy strategy focusing on achieving the energy efficiency target of 30%, a 40% cut in GHG emissions compared to 1990 levels, at least a 27% share of renewable energy consumption, and at least 27% energy savings.
Smart grids are also being deployed in North America, Eastern Europe, and Asia-Pacific. South America and Africa are slowly starting to open their markets to smart grid technology, although the policies and regulations need to be developed in these regions.
The major smart grid technologies are smart meters, substation automation technology, Supervisory Control and Data Acquisition (SCADA) applications, high voltage direct current (HVDC) lines, super-HVDC lines, microgrids, in-home energy monitoring appliances, and other IT-related Energy Management Systems (EMSs). This report covers the smart grid-related policies of the major countries in the power market.
The factors which will drive the smart grid market are -
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