Consideration was also given to whether government policy is required to move parties to incur costs that benefit others. The analysis of ‘social cost and benefits’ encompassed the full range of costs and benefits of smart grids, regardless of the party or parties bearing the costs. The smart grid also encourages more energy efficiency by providing real-time energy usage data to you. Until now it had been assumed that smart grids are above all useful and necessary in the context of a radically green energy system, but the SCBA shows that even an energy system not underpinned by robust climate policy would benefit from such grids. A number of ‘Pilot Smart Grids’ were recently established in the Netherlands to assess actual consumer response to time-indexed price incentives. Smart grid and smart meters help consumers save money by providing near real time energy usage information and the ability to manage electricity use. Creating smart electricity grids would have benefits for the energy supply of the future, leading to lower prices for both private and industrial. The introduction of smart grid technology has caused a fundamental re-engineering of the electricity services industry. This is due above all to the changes in user behaviour anticipated when variable energy tariffs are introduced and to cost savings on grid construction and power production. In virtually all the scenarios smart grids have a positive effect, regardless of whether these build on robust climate policy, involve modest or extensive use of locally generated power, and other variations. In the analysis a number of energy scenarios were run through to 2050. Smart grids have self-healing capabilities and enable electricity customers to become active participants. This is the conclusion of a social cost-benefit analysis (SCBA) performed by CE Delft and KEMA on a commission from the Dutch Ministry of Economic Affairs, Agriculture and Innovation. A smart grid is an electricity network enabling a two-way flow of electricity and data with digital communications technology enabling to detect, react and pro-act to changes in usage and multiple issues. MODERN GRID S T R A T E G Y The Smart Grid Benefits and Challenges EEI Annual Convention - Toronto Joe Miller Modern Grid Strategy Team J1 Conducted by the National Energy Technology Laboratory Funded by the U.S. The chapters in this book discuss a range of issues that are important in establishing an effective security architecture for a Smart Grid environment. Griffin, Lucie Langer, in Smart Grid Security, 2015 Abstract. Creating ‘smart’ electricity grids would have benefits for the energy supply of the future, leading to lower prices for both private and industrial consumers. Establishing a Smart Grid Security Architecture.
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