Smart grid ready concept

The need for advanced technological solutions in the energy sector has become more important during the past few years. Most distribution system operators (DSOs) are seeking new paths to decrease grid losses and to gain more control over distribution assets. Many players are hoping that smart grids will revolutionize the energy sector and bring significant benefits to energy companies and customers. However, uncertainties in three areas are keeping companies from making major smart grid investments. The Smart Grid Ready concept structures investments so that the final solutions are resistant to technological, regulatory and customer acceptance uncertainties. Additionally, the concept helps maintain the interoperability of completed solutions. This paper offers ways to address projects dealing with innovations and market disruptions. The approach has already been used to deploy advanced metering infrastructure.