Advanced metering penetration varies by the ownership structure of the utility. The results of the 2008 FERC Demand Response and Advanced Metering Survey (2008 FERC Survey) indicate that cooperatives advanced metering penetration increased dramatically, “Cooperatives’ advanced metering penetration increased from 3.8 percent in 2006 to 16.4 percent in 2008.”
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There have been significant increases in advanced metering in the US since 2006.
Advanced metering is one of the primary advances required for consumers to participate directly in the benefits of the smart grid. Without the ability to understand and quantify their energy usage, consumers will find it difficult to modify their energy usage. Additionally, the grid and generation companies will gain additional intelligence that allows them to better balance electricity demand and supply. The Smart Grid will enable real-time pricing of electricity. Definition of real-time pricing – Energy prices that are set for a specific time period on a forward basis and which change according to price changes in the market. Prices paid for energy consumed during these periods are typically published to energy consumers in advance – (“day-ahead pricing”) or an hour ahead (“hour-ahead pricing”). This will give in energy users the time to vary their demand and usage in response to such prices and manage their energy costs by shifting usage to a lower cost period, or reducing consumption overall. The US Department of Energy lists five technologies that will drive the adoption of the smart grid. The first is: Improved interfaces and decision support, to amplify human decision-making, transforming grid operators and managers quite literally into visionaries when it come to seeing into their systems. Source: US DOE “The Smart Grid: An Introduction.” The US Department of Energy lists five technologies that will drive the adoption of the smart grid. The first is: Advanced control methods, to monitor essential components, enabling rapid diagnosis and [=-precise solutions appropriate to any event. Source: US DOE “The Smart Grid: An Introduction.” As quoted in the LA Times, the Electric Power Research Institute (a utility industry think tank) estimates that the cost of building a smart grid at $165 billion. That’s $8 billion a year for two decades. The US Department of Energy lists five technologies that will drive the adoption of the smart grid. The third is: Advanced components, to apply the latest research in superconductivity, storage, power electronics and diagnostics Source: US DOE “The Smart Grid: An Introduction.” The generation of electricity emits 40% of the carbon dioxide in the US. Only 20% of emissions is caused by the transportation sector. Let’s hope that a smarter grid will reduce our electricity’s CO2 generation. The US Department of Energy lists five technologies that will drive the adoption of the smart grid. The second is: Sensing and measurement technologies, to support faster and more accurate response such as remote monitoring, time-of-use pricing and demand-side management. Source: US DOE “The Smart Grid: An Introduction.” According to the US DOE, consumers want some pretty basic stuff from smart grid technologies:
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