Smart Grid Benefits Essay -- reliability, cost savings, energy indepen

A smart grid is an electricity network according to digital technology that is utilized to supply electricity to consumers by using two-way digital communication. This system allows for observing, analysis, control and communication within the supply chain to help develop efficiency, decrease the energy consumption and cost, and maximize the translucence and reliability of the energy supply chain. The purpose of smart grid is to motivate consumer contribution in grid operations, also allows the electricity markets to arise and create business and also it can be healing itself and functioned more efficiently. Brief benefits and applications are to save energy, reduce prices and strengthen trustworthiness and reliability. And The Smart Grid will provide consumers information, control, and choices that allow them to involve in new electricity markets. The purpose of the report is to understand the concept of smart grids, and identify the applications, benefits and issues of smart grid This diagram shows that with renewable energy, consumers can create their own energy and right to use a 'greener' energy mix. Flexible distribution allows a more responsive and steady electrical network. Active energy efficiency and energy management create energy visible and permit individuals to perform on their consumption. Electric vehicles are revolutionizing the observation of mobility and, at the same time, access to energy, its use, and storage. Real-time grid management allows expectation of consumption and acclimation of the offer. Issues of existing grid The efficiency issues At managing peak load and energy savings, actually the new smart grid could have wonderful results on world economy. If the grid were just 5% more capabl... ...t must be supported by a smart and safe communications network, power utilities will have the infrastructure, applications and services required to deliver non-stop high quality power securely and efficiently. Smart system is consists of smart grid and smart meter operating mutually. This system is efficient as it is demand responsive, which automatically generates and offers appropriate amount of electricity to consumers. The consumers are able to control their own electrical bills at the end of each month by using the real time access which enables the users to determine the time and duration of appliances operations. And through that all, the smart grid is absolutely and definitely more useful for our life and future. Works Cited http://smartgridtech.files.wordpress.com/2012/05/sg-nature.jpg http://link.springer.com/chapter/10.1007/978-3-642-38030-3_4