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    Massoud Amin On Costs and Benefits of Smart Grid Technologies

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    Massoud Amin
    Smart grid technologies can improve power distribution and transmission systems by making better use of existing infrastructure and potentially deferring new investments. Cost-benefit analyses are needed to assess smart grid investments but are challenging due to uncertainties and system-wide benefits. Smart grids can help meet energy and climate goals through more renewable energy, efficiency, and emissions reductions.

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    Massoud Amin On Costs and Benefits of Smart Grid Technologies

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    Massoud Amin
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    Smart grid technologies can improve power distribution and transmission systems by making better use of existing infrastructure and potentially deferring new investments. Cost-benefit analyses are needed to assess smart grid investments but are challenging due to uncertainties and system-wide benefits. Smart grids can help meet energy and climate goals through more renewable energy, efficiency, and emissions reductions.

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    "Massoud Amin is a Professor of Electrical and Computer Engineering at the University of Minnesota, Minneapolis."

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    Massoud Amin on Costs and Benefits of Smart Grid Technologies

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    Smart grid technologies can improve power distribution and transmission systems by making better use of existing infrastructure and potentially deferring new investments. Cost-benefit analyses are needed to assess smart grid investments but are challenging due to uncertainties and system-wide benefits. Smart grids can help meet energy and climate goals through more renewable energy, efficiency, and emissions reductions.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    10 views1 page

    Massoud Amin On Costs and Benefits of Smart Grid Technologies

    Uploaded by

    Massoud Amin
    Smart grid technologies can improve power distribution and transmission systems by making better use of existing infrastructure and potentially deferring new investments. Cost-benefit analyses are needed to assess smart grid investments but are challenging due to uncertainties and system-wide benefits. Smart grids can help meet energy and climate goals through more renewable energy, efficiency, and emissions reductions.

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    © All Rights Reserved
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    Download as doc, pdf, or txt
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    Massoud Amin on Costs and Benefits of Smart Grid Technologies

    . Smart grid technologies represent varied ways to improve the effectiveness of the power distribution
    and transmission system by making it potential to use existing power infrastructure more competently.
    Implementation of smart grid solutions can for instance, represent an option to investment in new
    power generation capacity or new power lines.

    Several new smart grid technologies are available, but not yet deployed. In order to advance
    implementation, investors and governments need decision support to assess investments in smart grid
    technologies. Cost-benefit analysis (CBA) offers a methodical procedure for comparing the advantages
    and disadvantages of a smart grid initiative from society viewpoint.
    This report presents a mapping and analysis of present literature on social costs and advantages of
    smart grid solutions and identifies gaps in present guidance. The study also comprises a review on how
    network regulation affects incentives to invest in smart grid technologies and an investigation on how
    CBA constitutes an imperative input to the design of the network regulation. The report also serves as a
    basis for choosing models and methods to be used by the Smart Grid Forum in order to review different
    smart grid projects and applications.

    Due to the broad and multifaceted nature of smart grid technologies, CBA of smart grid deployment is
    difficult as smart grid technologies provide benefits on a system level in addition to on the project level.
    Smart grid technologies are also under fast development, which result in a lack of data and uncertainty
    when extrapolating results from lead projects to the system level.

    Energy and climate objectives as those identified on the European level as well as on national levels aim
    to augment renewable energy, perk up energy efficiency and decrease carbon emissions. Smart grid
    technologies contribute to all these goals, not only straightforwardly but to large extent in a roundabout
    way, which calls for wide-ranging evaluation methodologies on a system level. Comprehensive analyses
    on the system level can offer input to CBA.

    Given the intricacy and the multiple challenges that can occur such as the results of severe weather
    conditions, human sabotage, damage by wildlife, and other external factors and internal
    factors managing a grid is very difficult and a devoted field for experts who also need to think about the
    choices regarding energy regulations and initiatives by governments.

    The two-way flow of electricity and data according to Massoud Amin that is the essential characteristic
    of a smart grid allows to feed information and data to the several stakeholders in the electricity market
    which can be analyzed to optimize the grid, foresee potential issues, react quicker when challenges arise
    and build new capacities and services as the power landscape is changing

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