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
Link To Document :
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