Abstract :
The electricity supply industry is undergoing major changes worldwide. In the evolving industry environment, the challenges are to produce, transmit, and use energy in an environmentally friendly manner, to reduce costs by improving operating efficiency and business practices, and to enhance the reliability of and quality of power supply. Research, development and application of new technologies plays a major role in shaping the future directions of electric power systems in this regard. This presentation describes these changes affecting the electric power industry with a broad perspective and identify new technologies being developed that will influence the changes
Keywords :
cost reduction; electricity supply industry; environmental management; power supply quality; power system reliability; broad perspective; costs reduction; electric power systems; electricity supply industry; operating efficiency; power supply quality; power supply reliability; Costs; Distributed control; Electricity supply industry; Environmental economics; Hydrogen storage; Power generation; Power generation economics; Power system reliability; Power system security; Research and development; distributed generation; environmental impact; hydrogen production and storage; power quality; power system sustainable development; reliability; security; self-healing power system; smart power system;
