Investment is the key word in terms of advancing an idea or project to its completion and wholesale and smart grid requires fractions of countries GDP in order for it be successful and thrive on the market and take full effect. It is a cost saving software and needs to be brought to the forefront. This is why the E.U. member states have pledged investments in the future.
Also, the wider world including many members of the U.N. have started to pledge investments and especially countries in the south america and south pacific countries have taken a keen interest in the advancements of smart grid.
Smart grid is an everyday software available to anyone who wants more control of their expenditure and more control of their electricity. It is no just used to control expenditure and control bills but also used simply by letting people switch on their appliances at any time and give the impression, for example, that they were at home where they were on a holiday. Customers are a key part of the electric power system. They have access to new information about electricity usage, pricing and incentives that in turn better motivates purchasing patterns in behavior. In light of this they have he power to keep all electrical use low during the peak hours of their country, <http://www.seai.ie/Renewables/Smart_Grids/The_Smart_Grid_for_the_Consumer/Home_Consumer/Smart_Meter/Time_varying_electricity_price/>. The SEAI state the peak hours are between 5 and 7pm and they are triple the price of electricity per unit (kwh) compared to on average. All feedback is welcome on all our posts #daithi72 #ct231 and you can give smartgrid a like <https://www.facebook.com/pages/smartgridnews/251003846201?fref=ts>
There are many smart grid definitions, some functional, some technological, and some benefits-oriented. A common element to most definitions is the application of digital processing and communications to the power grid, making data flow and information management central to the smart grid. Various capabilities result from the deeply integrated use of digital technology with power grids, and integration of the new grid information flows into utility processes and systems is one of the key issues in the design of smart grids. Electric utilities now find themselves making three classes of transformations: improvement of infrastructure, called the strong grid in China; addition of the digital layer, which is the essence of the smart grid; and business process transformation, necessary to capitalize on the investments in smart technology.
There’s no global organization to oversee all nations’ energy systems transformations but the societies within I.E.E.E(Institute of electronic and electrical engineers) help guide the evolution toward the smart grid, by holding several events, publications.
Ireland is recognized internationally as being at the forefront in many areas of the Smart Grid. Smart Metering of both gas and electricity, integration of unprecedented levels of intermittent renewable’s and a national charging infrastructure for electric vehicles provide a more efficient system throughout the energy market.
examples of the uses of smartgrid and smart metering
The S.G.I or smart grid Ireland are a non-profit, all-island advocacy network, whose mission is to facilitate the delivery of a secure, affordable and sustainable energy infrastructure, positioning Ireland at the forefront of global smart grid development to create long-term economic wealth for the people of Ireland.
Computerized controls in your home and appliances can be set up to respond to signals from your energy provider to minimize their energy use at times when the power grid is under stress from high demand, or even to shift some of their power use to times when power is available at a lower cost.
A smart grid is a modernized electrical grid that uses analogue or digital information and communications technology to gather and act on information, such as information about the behaviors of suppliers and consumers, in an automated fashion to improve the efficiency, reliability, economics, and sustainability of the production and distribution of electricity.