14 Jun '11, 1pm

Can the Utility and Consumer Collaborate To Solve the Peak Problem?

To prevent grid failure, industry professionals have been developing the Smart Grid . According to the Energy Independence and Security Act of 2007, Smart Grid is the optimization of our current grid system so that it securely monitors the operation of its interconnected elements. These elements include real-time load monitoring of everything from solar and wind power plants to microwaves. This two-way communication allows both the utility and consumer to monitor supply and demand. Currently, a major grid issue is peak hours — the timeframe where electricity demand is greatest. For example, according to a National Institute of Standards and Technology (NIST) study, peak hours during the summer months are between 12 noon and 8:00 p.m. — one kWh of energy during this timeframe costs approximately 90% more than energy between midnight and 8:00 a.m. In order to solve this prob...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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