THERMAL SCIENCE

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Nenad A. Katić

PROFITABILITY OF SMART GRID SOLUTIONS APPLIED IN POWER GRID

ABSTRACT
The idea of a Smart Grid solution has been developing for years, as complete solution for a power utility, consisting of different advanced technologies aimed at improving of the efficiency of operation. The trend of implementing various smart systems continues, e.g. Energy Management Systems, Grid Automation Systems, Advanced Metering Infrastructure, Smart power equipment, Distributed Energy Resources, Demand Response systems, etc. Futhermore, emerging technologies, such as energy storages, electrical vehicles or distributed generators, become integrated in distribution networks and systems. Nowadays, the idea of a Smart Grid solution becomes more realistic by full integration of all advanced operation technologies (OT) within IT environment, providing the complete digitalization of an Utility (IT/OT integration). The overview of smart grid solutions, estimation of investments, operation costs and possible benefits are presented in this article, with discusison about profitability of such systems.
KEYWORDS
smart grid, electricity distribution, distribution management systems
PAPER SUBMITTED: 2015-10-05
PAPER REVISED: 2015-12-04
PAPER ACCEPTED: 2015-12-26
PUBLISHED ONLINE: 2016-02-20
DOI REFERENCE: https://doi.org/10.2298/TSCI151005023K
CITATION EXPORT: view in browser or download as text file
THERMAL SCIENCE YEAR 2016, VOLUME 20, ISSUE Supplement 2, PAGES [S371 - S382]
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Profitability of smart grid solutions applied in power grid

© 2024 Society of Thermal Engineers of Serbia. Published by the Vinča Institute of Nuclear Sciences, National Institute of the Republic of Serbia, Belgrade, Serbia. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivs 4.0 International licence