Building smart grid to power the next century in Taiwan

Amy H.I. Lee, Hsing Hung Chen and Jack Chen

Renewable and Sustainable Energy Reviews, 2017, vol. 68, issue P1, 126-135

Abstract: Due to global climate concerns, many countries are developing energy policies to encourage low emissions and high efficiency. Taiwan's current practices should be modified for the emerging smart grid (SG) industry. Strategic policy and implementation plans that shift focus from original equipment manufacture (OEM) and original design manufacture (ODM) to a vertically integrated system involving suppliers and customers should be adopted to obtain success in the global markets. Government energy SG projects have been implemented over a short-term (2011–2015), medium-term (2016–2020) and long-term (2021–2030) to ensure steady supply, promote energy conservation, reduce carbon emission, increase green energy and facilitate a low carbon economy. Practical implementation of SG systems is the most effective way to reach these goals. In this paper, current smart grid statuses in some advanced countries are briefly reviewed. The implementation plans for smart grids in Taiwan are analyzed from the perspectives of strategic policy and cost-benefit. Then, gaps between supply and demand for new energy systems, opportunities for new industries, and suggestions for SG industries are discussed. Finally, recommendations for constructing an efficient and environmentally friendly SG in Taiwan for a low carbon society and sustainable development are provided.

Keywords: Smart grid (SG); Strategic policy; Cost-benefit analysis (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032116305950
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:68:y:2017:i:p1:p:126-135

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2016.09.100

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().