Evaluating the Utility Smart Grid Business Case - Problems, Pitfalls and Real-World Recommendations from the Smart Grid Research Consortium
ORLANDO, Fla., Aug. 3, 2011 /PRNewswire-USNewswire/ -- While a series of recent national studies suggests that smart grid investments are a "no-brainer," evaluations in the real world of utility investment analysis are anything but easy. A new Smart Grid Research Consortium white paper describes these difficulties and provides ten recommendations to assist utilities in evaluating smart grid investments.
The white paper, "The Utility Smart Grid Business Case: Problems, Pitfalls And Ten Real-World Recommendations," describes challenges utilities face in developing comprehensive investment strategies and identifies difficulties associated with several common approaches to smart grid investment analysis. The paper concludes with ten recommendations for undertaking investment analysis based on the Smart Grid Research Consortium's cost/benefit model that has been applied at 15 utilities.
Recommendations are offered both to guide utility in-house analysis and to assist utilities in evaluating smart grid analysis undertaken by vendors and consultants. The white paper, is available at: http://smartgridresearchconsortium.org/notes.htm.
OCTOBER CONFERENCE
"This is the first in a series of white papers based on the Consortium's activities and analysis that will be published in the next several months leading up to the Consortium's second annual "Evaluating the Business Case for Smart Grid Investments" Conference in Orlando, October 20-21, 2011," said Dr. Jerry Jackson, Leader and Research Director of the Consortium. Conference and registration information is available at: http://smartgridresearchconsortium.org/smartgridconference.htm.
SMART GRID INVESTMENT MODEL
The Smart Grid Investment Model (TM) is customized for each Consortium member utility. The Model supports smart grid investment analysis at every stage of the smart grid process from initial planning to benchmarking and verification of technology and program impacts after implementation. The Model provides cost/benefit analysis of smart grid investments including AMI/Smart meters, distribution automation, in-premise technologies and programs including pricing and demand response and other smart grid initiatives in a single consistent framework. More information is available on the Consortium Web site: http://smartgridresearchconsortium.org.
Web Site: http://smartgridresearchconsortium.org
SOURCE Smart Grid Research Consortium
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article