Enterprise Technology Slideshow: Smart Grid: 7 Reasons Why It Matters

By Tony Kontzer  |  Posted 03-24-2010

Smart Grid: 7 Reasons Why It Matters

No. 1 Reliability and efficiency are driving smart grid strategies. Executives say their top priorities are: -improving service reliability/operational efficiency (45%) -implementing smart metering (41%) -developing demand response and energy efficiency programs (37%)

Smart Grid: 7 Reasons Why It Matters

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No. 2 Cynics should look closely-progress is happening. Here's where energy firms with least 100,000 customer stand in their smart grid efforts:-49% are undertaking trials or pilot programs -21% are actively engaged in system-wide deployment -17% are conducting research or preparing cost-benefit analyses -13% are waiting to see what their peers are doing

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No. 3 When it comes to initial adoption, execs are drawn to the "smart" in the smart grid. Here's what they expect to be the most adopted components initially. -smart metering (63%) -demand response and critical peak pricing (48%) -smart distribution and/or transmission operation devices (38%)

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No. 4 Utilities with 100,000 or more customers have particularly high hopes for the smart grid, with a wide range of benefits expected:-smarter choices stemming from more/better energy usage information (82%) -reduced carbon footprint (74%) -more reliable power (60%) -reduced energy costs (62%)

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No. 5 Naturally, consumers gravitate toward convenience, and utility execs don't expect anything different in predicting which smart-grid services customers will flock to: -In-home displays for real-time access to usage and cost data (62%) -smart appliances (51%) -mobile device portals (31%)

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No. 6 Modernization doesn't come cheaply, and plenty of cost concerns abound among utility execs: -43% fear consumer reaction to rate increases -38% are concerned about the cost to comply with environmental mandates -30% are worried about how long it will take to recover the cost of improving grid infrastructure

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No. 7 To help defray the mammoth costs, utility execs seem to be endorsing lots of collaboration to soften the economic blow: -80% are calling for sharing of best practices -71% would like to see smart grid industry standards established -63% support publishing results of pilot projects and internal research

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