1. Introduction to DSM applications of smart grid technologies Smart grid is an intelligent electrical grid that uses information and communication technologies (ICTs) to gather, monitor and act on real time (interval) information about power system characteristics (viz. generation, end use / load, price/tariff, performance of power system components etc) in an automated fashion to improve the efficiency, reliability, economics, and sustainability of the production, transmission, distribution and end use consumption of electricity. Smart Grid Characteristics Enabling active and informed participation by consumers (enhanced customer engagement)
Providing quality (interruption free and reliable) power for the digital economy
Optimizing assets and operating efficiently
Accommodating all generation and storage options
Anticipate and respond to power system disturbances (SelfHealing)
Enabling new products, services, and markets
Operate resiliently against physical and cyber attack
Source: US DOE
Schematic of Smart Grid Infrastructure
Data provided by smart grid systems enable consumers to make informed decisions about how much, when and at what cost they use energy at various end use applications. This means the consumers gain enhanced information over end use energy in order to respond to price signals or other Utility incentives thereby increasing the overall capacity for DSM. Worldwide experience of adopting smart grid systems and technologies
Smart grid enabled DSM solutions PwC
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