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Optimising energy demand and supply
Pm News Bureau
Tuesday, July 03, 2012, 14:34 Hrs  [IST]

Please give some insight on strategically important smart grid solution for modernizing the electricity distribution management system?
Schneider Electric believes that smart grids are a very important component of measuring, managing and ultimately reducing energy consumption across the entire value chain of an electrical network. Typically, this value chain was seen as having three components, namely generation, transmission and distribution. The distribution side was considered as the 'demand' side i.e. as a consumer of electricity. Now, we have a new dimension to it, namely, energy storage. Imagine a scenario when a number of batteries or similar storage devices, including the batteries of your car, will be able to store electricity when there is less demand, and then feed back into the grid when the demand exceeds the supply. This is one major change that has happened across the value chain in the recent past.

Secondly, with the increase in generation of power from renewable resources, we have multiple sites which generate electricity and feed into the electrical grid. So instead of a centralised power generation system, where typically a large power plant met the needs of industrial, commercial, agricultural and residential users, we also have a large number of power generation installations which are comparatively smaller in size (say, a 600-MW thermal power plant versus a 5-MW solar plant).

Smart Grids also facilitate the 'Time of Use Pricing' feature which will play a huge role in influencing and modifying customer behavior across multiple sectors. The idea behind 'Time of Use Pricing' is as follows - during periods of peak demand, the end users pay a higher rate per unit of electricity consumed than during periods of low demand. Say, in a residential building, the maximum use of electricity will be during the daytime and evening hours. So consumers will pay a lower rate for electricity for tasks such as laundry, use of microwave etc., if they are carried during nighttime. This will reduce the peak load requirement from the grid, and thus the power producers, distribution companies, and end users will all be able to reduce the overall load on the system.

As you can imagine, the grid will become more complex to manage in the above scenarios. That is where smart grid will play an important role: it will communicate across all levels of the system, and provide real-time updates to optimise the energy supply and the energy demand. This will be extremely important for countries such as India which have to balance the twin challenges of sustaining growth while minimising environmental impact.
 
                 
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