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Related assessments by the Electric Power Research Institute (EPRI) and The Climate Group, and an article in The Electricity Journal, also examined the electricity and CO2 benefits that may result from implementation of the smart grid (EPRI 2008; GeSI 2008; Hledik 2009). These assessments also provide first-order estimates of the energy and carbon benefits for the emerging smart grid area and provide useful comparative benchmarks for this effort. The report is organized into five sections. Section 2.0 provides an overview of the current electrical grid and a definition of the smart grid with its costs and benefits. Section 3.0 presents the assessment methodology, summarizes each mechanism and the results of its assessment, and Section 4.0 compares the results from EPRI and The Climate Group studies, and The Electricity Journal article. Further details of the assessments for the mechanism are provided in Attachments 1 and 2. The last section (Section 1.0) provides recommendations on mechanisms and benefits that deserve further exploration. Energy Independence and Security Act of 2007 Sec. 1301. Policy on Modernization of Electricity Grid ... support the modernization of the Nation’s electricity transmission and distribution system to maintain a reliable and secure electricity infrastructure that can meet future demand growth and to achieve each of the following, which together characterize a smart grid: (1) Increased use of digital information and controls technology to improve reliability, security, and efficiency of the electric grid. (2) Dynamic optimization of grid operations and resources, with full cyber-security. (3) Deployment and integration of distributed resources and generation, including renewable resources. (4) Development and incorporation of demand response, demand-side resources, and energy-efficiency resources. (5) Deployment of “smart” technologies (real-time, automated, interactive technologies that optimize the physical operation of appliances and consumer devices) for metering, communications concerning grid operations and status, and distribution automation. (6) Integration of “smart” appliances and consumer devices. (7) Deployment and integration of advanced electricity storage and peak-shaving technologies, including plug-in electric and hybrid electric vehicles, and thermal-storage air conditioning. (8) Provision to consumers of timely information and control options. (9) Development of standards for communication and interoperability of appliances and equipment connected to the electric grid, including the infrastructure serving the grid. (10) Identification and lowering of unreasonable or unnecessary barriers to adoption of smart grid technologies, practices, and services. 1.2PDF Image | The Smart Grid: An Estimation of the Energy and CO2 Benefits
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