Book Chapter: Smart Grids: An Optimized Electric Power SystemFuture Energy: Improved, Sustainable and Clean Options for our Planet, Elsevier Science; 2nd edition (January 7, 2014)
Jerry Jackson, Leader and Research Director, Smart Grid Research Consortium
Abstract: The “smart grid” reflects the most exciting paradigm change to impact the electric power system since its beginnings more than a century ago. Smart grids apply new metering, communications and control technologies and strategies to provide an optimized power system that integrates distributed energy resources and electric customer participation in maximizing power system efficiency and reliability. Smart grids will also contribute to achieving energy efficiency, conservation, power plant emissions goals. While the smart grid concept can be described relatively easily, the transition to smart power grids presents financial evaluation challenges that are unique to these new technologies and applications.