10/11/2023 0 Comments Smart grids benefits![]() One of the many unknowns the authors encountered was where consumers would get their smart grid appliances and devices. ![]() (EPRI does not include the costs of a new generation of efficient, programmable refrigerators and other appliances as part of the household'sĬlark Gellings, an EPRI senior fellow and lead author of the new study, said that the division of investments among the distribution, transmission and costumer segments should not obscure the fundamental reality: "Ultimately, at some point, the consumer The average household could see its monthly electricity bill rise by $9 to $12 for smart grid products and services.ĮPRI concluded that consumer acceptance and adoption of smart grid applications would increase slowly.Ībout 10 percent of residential customers would have advanced energy management systems by 2030, the study assumed. ![]() The smart grid components going directly into the home would add about 10 percent to overall smart grid investment in the high-cost scenario. To protect the grid and make it more efficient, EPRI said. Of the total investment in the higher-cost estimate would be required to upgrade substations, lines, poles, meters, billing and communication systems on the retail side to enable smart grid technologies and replaceĮPRI assumes that by 2030, 10 million plug-in vehicles will be on the road, and smart grid technologies will permit plug-in vehicles not only to take recharging power from the grid, but to feed power back in from their batteries to help meet sudden changesĪbout 20 percent of investments in the high-cost scenario would go into upgrading the high-voltage transmission grid, including installation of sensors to alert operators to potential failures of transformers on the system, and purchases of equipment The projected costs of deploying digital controls and applications on the grid, averaging $17 billion to $24 billion a year, will fall most heavily on utility distribution systems that deliver power to retail customers, EPRI concluded. Study by the Electric Power Research Institute (EPRI). The benefits will include greater grid reliability, integration of solar rooftop generation and plug-in vehicles, reductions in electricity demand, and stronger cybersecurity, according to a new utility control centers and power networks to consumers' homes could cost between $338 billion and $476 billion over the next 20 years, but will deliver $1.3 trillion to $2 trillion in benefits over that Deployment of smart grid technology from U.S.
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