07 Mar '12, 7pm

The Price of Doing Nothing for the Smart Grid: Do utilities spend enough time talking to their customers about...

The Price of Doing Nothing for the Smart Grid: Do utilities spend enough time talking to their customers about...

Do utilities spend enough time talking to their customers about the costs of doing nothing to modernize the grid? In times of mass customer revolts against simple, radio-controlled smart meters , it’s important to take a look at those negatives, if only to get people used to the idea that, yet, prices do rise over time, and doing nothing only makes it worse. Guido Bartels, general manager of IBM's Global Energy and Utilities business , is the latest voice of stern warning, telling Israel’s Globes news service that the world will see electricity prices rise 400 percent by 2050 if nothing is done to bring power grids up to speed. But here’s the rub — doing something doesn’t actually halt price increases, it only slows them down to merely rising 50 percent over that time. That's good news, right? But it’s hard for utilities and their regulators to quantify those “avoided cost...

Full article: http://www.greentechmedia.com/articles/read/the-price-of-...

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