Smart Grids Enable and Presume Active Consumer Participation
Smart Meters enable two-way communication between the meter and the central system; unlike home energy monitors, smart meters can gather data for remote reporting. With the inception of electricity deregulation and market-driven pricing, utilities have been looking for a means to match consumption with generation. Smart meters provide a way of measuring site-specific information, allowing utility companies to introduce different prices for consumption based on the time of day and the season.
Supply and Demand Integration
Data Management a critical element for smart meter systems is information technology at the utility that integrates networks with utility applications such as billing and customer service.
Historic Development of the Electric Grid the first alternating current power grid system was installed in 1886 as a centralized unidirectional system of electric power transmission and distribution. During the 20th century, local grids were interconnected for economy and reliability; power stations were strategically located close to fossil fuel sources, railroad, highways or ports. The 21st century is characterized by smart grid deployments, electronic communication technology, the application of alternative renewable energy sources and a lesser emphasis on large, centralized power stations.