A new approach for evaluating the benefits of smart grid development

Author

Qi Song ; Hui Wang ; Fushuan Wen ; Ledwich, Gerard ; Yusheng Xue

Author_Institution

Sch. of Electr. Eng., Zhejiang Univ., Hangzhou, China

fYear

2013

fDate

Sept. 29 2013-Oct. 3 2013

Firstpage

1

Lastpage

6

Abstract

In this paper, the inherent mechanism of benefits associated with smart grid development is examined based on the Pressure-State-Response (PSR) model from resource economics. The emerging types of technology brought up by smart grid development are taken as pressures. The improvements of the performance and efficiency of power system operation are taken as states. The effects of smart grid development on society are taken as responses. Then, a novel method for evaluating social benefits in energy saving and CO₂ emission reduction from smart grid development is presented. Finally, the benefits in a province in northwest China is carried out by employing the developed evaluation system, and reasonable evaluation results are attained.

Keywords

power system economics; smart power grids; CO₂ emission reduction; energy saving; evaluation system; northwest China; power system operation; pressure-state-response model; resource economics; smart grid development; Companies; Indexes; Pressure-State-Response model; benefits; evaluation system; smart grid;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Conference (AUPEC), 2013 Australasian Universities

Conference_Location

Hobart, TAS

Type

conf

DOI

10.1109/AUPEC.2013.6725350

Filename

6725350