Smart Grid is the future technology which is used to manage, control, and monitor the usage of the generated power; more precisely, the electricity. The system composed of the data collecting system and the group of smart devices, which is called a 'Grid'. The data measured by the grid will be collected by the collector, and will be sent back to the central system for usage analyzing. The result of analyzed data will be used for calculating the usage level in each period of time in the day. Knowing such information can greatly help the utilities to correctly estimate the amount of energy they have to produce in each day. Successfully implementing Smart Grid not only helps the utilities to save the cost, but also helps the world to remain the beautiful environment.
Playwork Smart Grid Solution facilitates the utilities by ensuring all the usage data will be correctly and timely deliver to the centralized system to process in the further steps. We have the strong strategic partners who expertise the field of smart energy. Utilities can select the deployment solution based on the scale of the implementation area.
A smart grid can create benefits through improvements in grid reliability by reducing the frequency and duration of power outages and the number of power quality disturbances, including reducing the probability of regional blackouts.
Recent estimates show the annual cost of power interruptions in the United States of $80 billion. With total annual electric industry revenues at roughly $326 billion, these costs represent a significant burden on consumers. Reliability improvements could significantly reduce these costs.
Use of smart grid technologies can help mitigate or reduce the price of electricity through the interaction of the demand side of the market (consumers) with the supply side (suppliers).
Smart grids can also create a platform on which retailers can create and offer new products and services that give consumers greater choice and flexibility in energy consumption and to create value for end users. Grid operations, and in turn consumers, will benefit from improved operational efficiency. Smart grids can also help grid operators optimize the use of the grid assets and avoid new capital expenditures. A study for San Diego shows that a capital investment of $450 million would produce over $1.4 billion in reduced costs and other benefits to the utility system over the life of the investments.
Smart grid policies will improve security and safety by reducing the vulnerability of the grid to unexpected hazards and promoting a safer system for both workers and the general public.
A smart grid will promote environmental quality by allowing customers to purchase cleaner, lower-carbon-emitting generation, promote a more even deployment of renewable energy sources, and allow access to more environmentally friendly central station generation.
Furthermore, the smart grid will allow for more efficient consumer response to prices, which will reduce the need for additional fossil fuel-fired generation capacity, thereby reducing the emission of CO2 and other pollutants.