A Generic Framework for the Evaluation of the Benefits Expected from the Smart Grid

Spiros Livieratos, Vasiliki-Emmanouela Vogiatzaki and Panayotis G. Cottis
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Spiros Livieratos: School of Pedagogical and Technological Education, Department of Electronic Engineering Educators, Heraklion, Athens 14121, Greece
Vasiliki-Emmanouela Vogiatzaki: School of Pedagogical and Technological Education, Department of Electronic Engineering Educators, Heraklion, Athens 14121, Greece
Panayotis G. Cottis: School of Electrical and Computer Engineering, National Technical University of Athens, Iroon Polytechniou 9, Athens 15780, Greece

Energies, 2013, vol. 6, issue 2, 1-21

Abstract: The Smart Grid has the potential to bring significant value to the various stakeholders of the electricity market. A methodology for the evaluation of the smart grid benefits is required to facilitate the decision making by quantifying the benefits expected from a smart grid project. The present paper proposes a generic framework to assess these expected benefits taking into account the regulatory, business and technical challenges focusing particularly on Distributed Systems Operators (DSOs) and end users. An indicative study case is presented where the proposed cost-benefit approach assesses the expected value of DSOs from the Smart Grid and determines whether and under what conditions such an investment should be initiated.

Keywords: smart grid; smart grid communications; grid reliability; benefits of smart grid; ICT technologies for smart grid (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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