08 Apr '11, 4pm

Smart Grid Price Tag: $476 Billion; Benefits: $2 Trillion: You get what you pay for. That’s the message in a...

Smart Grid Price Tag: $476 Billion; Benefits: $2 Trillion: You get what you pay for. That’s the message in a...

That’s the message in a report issued by the Electric Power Research Institute on the cost of modernizing the electrical grid in the U.S. EPRI estimates that the implementation of a fully functional smart grid will cost $338 billion to $476 billion. Those investments, however, will result in benefits worth $1.3 trillion to $2 trillion. The study assumes steady investment from 2010 to 2030. (Download the 162-page report here .) A modernized grid could also reduce emissions by 58 percent in 2030 compared to a 2005 baseline. Other EPRI studies have further noted that power outages cost the U.S. $104 billion to $164 billion in terms of repairs, opportunity costs and other factors, and another $15 billion to $24 billion gets lost because of low power quality. Both of these factors could be greatly ameliorated by a better grid. (Please insert obligatory reference to the intersta...

Full article: http://www.greentechmedia.com/articles/read/smart-grid-pr...

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