One of the main benefits of the Smart Grid is increased reliability. Investing in Smart Grid technologies that improve reliability may have a good benefit-to-cost ratio or not, it will depend on the value of the improvement and the avoided outage or interruption costs. Examples of such technologies are; automatic outage restoration systems, Wide Area Monitoring, energy storage at distribution level, geographic information maintenance systems, advanced protection systems, etc.
The cost to improve reliability follows an somewhat exponential curve, as having a 100% reliable system is close to impossible, the cost is close to infinite. This leads to an asymptotic curve towards the end. Something like this:
Date & venue: 12-16 May, 2014, Cavtat- Dubrovnik – Hotel Croatia
The Energycon event was an opportunity to present a research paper on Smart Grid decision making part of my PhD. Very related to the topic I discussed in an old post: Smart Money for Smart Grids. It was included in the Distribution Grid Planning and Operation Session, part of the Track- Low Carbon Energy Systems.
The event, was also an opportunity to see other research on the subject, and enjoy the surroundings.
A view from the hotel venue of the Adriatic
It’s impressive to see the number of presented papers on smart grid, for example Sigue leyendo →