• DocumentCode
    662597
  • Title

    Smart grid business case for private homes

  • Author

    Villefrance, Rasmus ; Brandt, Jim ; Eriksen, Poul ; Jorgensen, Henrik B.

  • Author_Institution
    Dept. of Electr. Eng., Tech. Univ. of Denmark, Roskilde, Denmark
  • fYear
    2013
  • fDate
    6-9 Oct. 2013
  • Firstpage
    1
  • Lastpage
    5
  • Abstract
    We describe and consider how the potential of energy savings may drive the penetration of smart grid technology into private homes. We assess the sociological processes which lead to energy savings when the residents have access to smart grid technology. We propose a way to establish a cash flow from consumers via electrical distribution companies to smart grid technology providers on the Danish market. Finally, we assess the impact of such a business development on the society, as well as relating the penetration of smart grid technology in private homes to the societal goal of 100% renewable energy in the electrical grid in 2050.
  • Keywords
    electricity supply industry; energy conservation; power markets; power system economics; smart power grids; Danish market; cash flow; consumers; energy savings; private homes; smart grid; sociological processes; Companies; Energy consumption; Heat pumps; Resistance heating; Smart grids; Water heating; power system economics; smart grids;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Innovative Smart Grid Technologies Europe (ISGT EUROPE), 2013 4th IEEE/PES
  • Conference_Location
    Lyngby
  • Type

    conf

  • DOI
    10.1109/ISGTEurope.2013.6695487
  • Filename
    6695487