UK assessment predicts smart grid-related savings in the billions

UK develops model for predicting smart grid savings.

By Donna Donnowitz
March 31, 2014

Predicting the savings that can be provided through a smart grid implementation strategy can be tricky, but recent modeling in the UK indicates an impressive opportunity for utilities there to reduce their expenses and pass those savings on to customers. According to PV Magazine, a recent analysis by EA Technology revealed that savings could exceed 10 billion pounds by 2025 if the UK started deploying smart grid technologies immediately and expanding the scope of existing projects.

"After populating the model with published government scenarios for how the country will achieve the 2050 carbon reduction targets, we found that the average saving of the UK going smart was £10 billion," said Mark Sprawson, Head of Advanced Network Solutions at EA Technology, according to the news source. "As an example, if every UK network operator used the smart technology recommended by the Transform Model, Britain would avoid laying 28,000 km of cable by 2030 - the equivalent of laying a cable from the UK to Australia and back again."

UK utilities considering expanding their smart grid networks will need to optimize their strategy and consider the recommendations of EA Technology. By taking the suggested Transform Model and developing a customized approach based on it, introducing serial to Ethernet converters, terminal servers, smart meters and other essential hardware will be streamlined, driving the costs of smart grid deployment down while increasing the speed at which providers will be able to leverage the benefits.

Beyond simply improving the utility infrastructure in the UK, these efforts will help speed adoption of related carbon-reducing trends, such as electric vehicles, heat pumps, photo-voltaic generation solutions and more. These changes will further the advantages offered by smart grid adoption while boosting the UK's approach to green energy. These efforts don't have to be localized to the UK either, nations across the globe can take a page from their book and start focusing on their own smart grid projects for sustainability and energy optimization.

Perle offers a range of cost effective serial-to-Ethernet converters to help meet NERC-CIP compliance for the protection of critical cyberassets in substations. The IOLAN SDS HV/LDC Terminal Server is designed to meet harsh environments associated with Power Substations with attributes such as support for substation AC and DC voltage ranges, extended operating temperatures and meeting emission, immunity and safety approvals associated with substation IT equipment.

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