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Smart Grid Roll-out: Steps to Overcome Utility and Consumer Barriers
Smart Grid Roll-out: Steps to Overcome Utility and Consumer Barriers
The implementation of smart grids across the globe can be crippled by opposition from two major stakeholders: the power utilities and the customers.
Hyderabad,
AP,
India
(prbd.net)
02/02/2010
"Smart Grid Roll-out: Steps to Overcome Utility and Consumer Barriers"
The implementation of smart grids across the globe can be crippled by opposition from two major stakeholders: the power utilities and the customers. Implementation of the smart grid entails large investments in infrastructure augmentation and installation of new communication architecture that would enable two-way flow of information. The new technologies and the risks associated with them are preventing the utilities and consumers from embracing them without hesitation.
Power utilities across the globe are finding it difficult to accept the smart grid technologies as they do not gain any financial benefits in the short term. The lack of business case for smart grid is making the situation worse.
Power consumers across the globe have voiced their opinion against the rollout of smart grids as they fear that their privacy might be intruded upon by power utilities. Consumers also fear misuse of their power-usage data.
The regulators and governments are expected to take a reward-and-punish approach to solve the problem. The national governments will be providing the utilities with funding options to invest in smart grid technologies while at the same time they will ensure that the implementation occurs by framing adequate regulations.
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