2021, Vol. 2, Issue 1, Part A
Analyzing the economic benefits of smart grid investments for utilities and consumers
Author(s): Roukaya Moussa and Fatouma Issoufou
Abstract: The transition to smart grid technology offers substantial economic benefits for both utilities and consumers. Smart grids, which integrate advanced communication, automation, and digital technologies, provide enhanced operational efficiency, real-time monitoring, and the ability to incorporate renewable energy sources into the power grid. This paper explores the economic advantages of smart grid investments, highlighting their impact on utilities through improved energy generation, reduced operational costs, and grid reliability. For consumers, smart grids lead to lower energy costs, participation in demand response programs, and the opportunity to generate and sell renewable energy. Furthermore, the integration of renewable energy, job creation, and enhanced grid resilience contribute to economic growth. By examining these benefits, the paper underscores the critical role of smart grids in creating a sustainable and economically advantageous energy system for the future.
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Pages: 18-20 | Views: 244 | Downloads: 83
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How to cite this article:
Roukaya Moussa, Fatouma Issoufou. Analyzing the economic benefits of smart grid investments for utilities and consumers. Int J Electr Data Commun 2021;2(1):18-20.
