Smart meters can be a bit expensive but could help in making energy capacity distribution more efficient to help reduce energy consumption. In most situations, consumers never realize their high energy consumption until they receive their month's end utility bills.
Money and time invested on developing alternative energy sources might just be useless unless the power distribution grid performs well in the efficient integration and translation of power. Unless there is a brilliant way of managing our smart grids, there would be a very high demand for electricity which might cause significant problems in the future.
People will be using electric vehicles in the future. There will be a high number of people who will be recharging their cars when they reach their respective homes at the end of the day. This could put strain on the system's load. Consumers will end up paying more as the demand is already very high.
Smart meter and grids are capable in allowing communication between end users and energy sources. This serves as an educational platform that could encourage consumers to choose and "shop wisely" in terms of energy consumption. This will create a very well-balanced energy supply and demand as the smart grid is able to choose between the most efficient sources of energy at any given time.
Smart grid is an initiative in the front and center as Obama's administration is allocating from the economic stimulus package some $4Billion. At face value, the smartest way to spend this smart grid budget is to have a "smart meter" installed in every household. It is estimated that this will cost $100 or more and might cost more to run. However, consumers will be able to save a considerable amount with a meter that's a little more complex.
The smart meter is a great help in cutting down on reading costs as it is able to send information between the power company and the meter wirelessly. If needed, it can also inform the company if there is any problem which therefore allows remote monitoring of use. Ultimately, smart meters can communicate with the utilities and appliances that are within the property, which allows consumers to enlist in programs which use clean energy sources.
Ideally, appliances should be configured to operate during times when electricity demand is low. This largely affects the consumers' monthly bills as the price of electricity is usually high when the demand is also high. When it comes to electric cars, an approach called V2G (vehicle to grid) can be used, which allows a vehicle that's plugged in overnight to absorb excess electric supply and return if needed.
In the world, Italy is leading in smart metering and smart grid. In 5 years time, 30 million meter will be able to self-liquidate from the savings realized every year. With the increasing demand for sustainability on resource planning, smart grid and smart meters will be important assets in the future.
Article Source: http://www.bharatbhasha.net
Article Url: http://www.bharatbhasha.net/internet-and-computers.php/244209
Article Added on Monday, July 5, 2010
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