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The Smart Grid: An Estimation of the Energy and CO2 Benefits

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The Smart Grid: An Estimation of the Energy and CO2 Benefits ( the-smart-grid-an-estimation-energy-and-co2-benefits )

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Direct Savings Mechanism E Shifting Load to More Efficient Generation Reduced Energy Consumption (2030) Baseline Electricity Consumption Electric Sector Annual Reductions (2030) Energy Carbon Emissions Est. % 0.04 Low High % % 0.02 0.06 % of United States 0.04 9 year) % of United States 0.03 (MMT/ yearr) 1 End-Use Sector(s) Total Electric Supply 9 (10 kWh/year) 4968 (10 kWh/ 2 • Total Electricity Supply – The quantity of electricity reduction (2 B kWh) is calculated by applying the reduction (0.04%) in electricity consumption to the quantity of electricity supplied to the grid (4968 B kWh - AEO). – The percentage reduction (0.04%) is calculated by dividing the quantity reduced (2 B kWh) by the total quantity of electricity supplied to the grid (4968 B kWh - AEO). – The CO2 emission reduction (1 MMT) is calculated as the product of emission reduction (0.03%) and total utility sector emissions (2948 MMT -AEO). – The percentage of emission reduction (approximately 0.03%) is calculated as 75% of the percentage reduction in utility sector electricity consumption (approximately 0.04%). – The quantity of CO2 emissions reduced (1 MMT) is calculated as the product of the percentage reduction in emissions (0.03%) and total utility emissions (2948 MMT). Assumptions • Load shifting reduction of 0.04% from range of 0.02% to 0.06%. • Penetration = 100% • The percentage reduction in CO2 emissions is approximately 75% of the electricity reduction. Data Sources • Electricity Supply in 2030 is 4968 B kWh Source: AEO 2008 (DOE/EIA-0383), Table 8. Electricity Supply, Disposition, Prices, and Emissions; Total Net Generation to the Grid • Electric Utility CO2 Emissions in 2030 is 2948 MMT Source: AEO 2008 (DOE/EIA-0383), Table 18. Carbon Dioxide Emissions by Sector and Source; Electric Power Total 2.9

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