Abstract :
Metering has long been touted as the center of the Smart Grid but a question the power industry has not yet asked, but is ripe to do so now, is, “Do investments in smart grid technologies make sense for areas where the price per kWh is low and of plenty of capacity exists?” Until price inelasticity increases, or overall network stability requires otherwise, the answer should be, no. And if no, under what circumstances should investment occur? When carefully evaluated, value first lies in the strategic management of assets at the substation. This does not preclude the value metering offers, but companies need a broader approach for their Smart Grid Strategies. This paper presents an example of meter integration with substations as the heart of the Smart Grid, provides a discussion around the Substation of the Future, and offers concepts for rethinking a substation strategy as central to a Smart Grid program.
Keywords :
asset management; power system measurement; smart power grids; substations; meter integration; overall network stability; power industry; price inelasticity; smart grid strategies; strategic management; substation strategy; Density estimation robust algorithm; Industries; Investments; Measurement; Smart grids; Substations; AMI; EISA; Smart Grid; analytics; asset management; automated metering infrastructure; demand management; metrics; smart meters; substations;
