by AlanM » Tue Oct 06, 2009 6:31 pm
Smart grids are a fundamental step towards a renewable future, particularly as more and more grid-connected renewable energy systems come online and start to make a noticeable impact on the overall electricity supply. It'd help facilitate a more flexible pricing system that varies electricity costs due to real-time demand, and thus help to promote load-shifting. Being able to identify demand hot-spots will allow for network operators to plan for infrastructure upgrades as appropriate. Installing smart meters in every premise will reduce the start-up costs of installing grid-connected renewable energy systems as well. It could even allow for the management of some devices to switch on during times of low demand and power costs.
Plenty of potential with this.