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A Generic Framework for the Evaluation of the Benefits Expected from the Smart Grid
School of Pedagogical and Technological Education, Department of Electronic Engineering Educators, Heraklion, Athens 14121, Greece
School of Electrical and Computer Engineering, National Technical University of Athens, Iroon Polytechniou 9, Athens 15780, Greece
* Author to whom correspondence should be addressed.
Received: 23 November 2012; in revised form: 5 January 2013 / Accepted: 25 January 2013 / Published: 13 February 2013
Abstract: The Smart Grid has the potential to bring significant value to the various stakeholders of the electricity market. A methodology for the evaluation of the smart grid benefits is required to facilitate the decision making by quantifying the benefits expected from a smart grid project. The present paper proposes a generic framework to assess these expected benefits taking into account the regulatory, business and technical challenges focusing particularly on Distributed Systems Operators (DSOs) and end users. An indicative study case is presented where the proposed cost-benefit approach assesses the expected value of DSOs from the Smart Grid and determines whether and under what conditions such an investment should be initiated.
Keywords: smart grid; smart grid communications; grid reliability; benefits of smart grid; ICT technologies for smart grid
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Cite This Article
MDPI and ACS Style
Livieratos, S.; Vogiatzaki, V.-E.; Cottis, P.G. A Generic Framework for the Evaluation of the Benefits Expected from the Smart Grid. Energies 2013, 6, 988-1008.
Livieratos S, Vogiatzaki V-E, Cottis PG. A Generic Framework for the Evaluation of the Benefits Expected from the Smart Grid. Energies. 2013; 6(2):988-1008.
Livieratos, Spiros; Vogiatzaki, Vasiliki-Emmanouela; Cottis, Panayotis G. 2013. "A Generic Framework for the Evaluation of the Benefits Expected from the Smart Grid." Energies 6, no. 2: 988-1008.