Featured Research

from universities, journals, and other organizations

Smart grids: New study highlights key challenges and trends in the European Union

Date:
July 7, 2011
Source:
European Commission, Joint Research Centre (JRC)
Summary:
Intelligent electricity networks – smart grids – are a key component in the EU energy strategy, but substantial investments are needed to make them a reality. A new study presents a review of 219 smart grid projects Europe-wide.

Intelligent electricity networks -- smart grids -- are a key component in the EU energy strategy, but substantial investments are needed to make them a reality. A new study from the European Commission's in-house science service, the Joint Research Centre (JRC), presents a review of 219 smart grid projects Europe-wide. The vast majority of investments, amounting to about €5.5 billion, were made in old Member States ("EU15"), while new Member States ("EU12") tend to lag behind.

By providing a complete catalogue of the projects to date, the report showcases how smart grids can help integrate more renewables, accommodate electric vehicles, give more control to consumers over their energy consumption, avoid blackouts and restore power quickly when outages occur.

European Commissioner for Research, Innovation and Science, Mαire Geoghegan-Quinn, says: The implementation of smart grids is a significant opportunity for European industry to research, to market and to export new technologies, to create new jobs and maintain global technological leadership. We are only at the beginning of the transition to smart grids, and at this stage, sharing the results of research projects can help increase the stock of knowledge and add impetus to innovation in this field.

The report shows that Distribution System Operators (DSOs) play a leading role in coordinating smart grid deployment across Europe. DSO-led projects represent about 27% of all projects and about 67% of investments. However, the study underlines that current regulation in EU Member States tends to promote cost efficiency by reducing operation costs rather than by upgrading to a smarter system. It warns that the investment potential on smart grids will have difficulty accelerating without revising the current regulatory models. Regulation should ensure a fair sharing of costs and benefits in the set up of services platforms, as power system owners and operators are expected to sustain the majority of investments whereas several players might get benefits from smart grids.

Smart grids enable a two-way exchange of information and power between producers and consumers, and this leads to increased transparency, promoting responsible energy saving measures on the consumers' side. Success stories in the EU15 Member States confirm that consumer engagement is crucial to the effectiveness of smart electricity systems and needs to be won through trust, understanding and clear tangible benefits. For example, real-time information on electricity consumption and prices allowed consumers to save up to 10% of electricity.

The survey indicates that in almost all countries a significant amount of investment addresses the integration of different smart grid technologies. Most technologies are known, but their integration -- i.e. how well they work together -- is the key challenge for the success of these projects and the overall smart grid concept.


Story Source:

The above story is based on materials provided by European Commission, Joint Research Centre (JRC). Note: Materials may be edited for content and length.


Cite This Page:

European Commission, Joint Research Centre (JRC). "Smart grids: New study highlights key challenges and trends in the European Union." ScienceDaily. ScienceDaily, 7 July 2011. <www.sciencedaily.com/releases/2011/07/110707082129.htm>.
European Commission, Joint Research Centre (JRC). (2011, July 7). Smart grids: New study highlights key challenges and trends in the European Union. ScienceDaily. Retrieved September 18, 2014 from www.sciencedaily.com/releases/2011/07/110707082129.htm
European Commission, Joint Research Centre (JRC). "Smart grids: New study highlights key challenges and trends in the European Union." ScienceDaily. www.sciencedaily.com/releases/2011/07/110707082129.htm (accessed September 18, 2014).

Share This



More Matter & Energy News

Thursday, September 18, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Virtual Reality Headsets Unveiled at Tokyo Game Show

Virtual Reality Headsets Unveiled at Tokyo Game Show

AFP (Sep. 18, 2014) — Several companies unveiled virtual reality headsets at the Tokyo Game Show, Asia's largest digital entertainment exhibition. Duration: 00:48 Video provided by AFP
Powered by NewsLook.com
Stocks Hit All-Time High as Fed Holds Steady

Stocks Hit All-Time High as Fed Holds Steady

AP (Sep. 17, 2014) — The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. Stocks hit an all-time high on the news. (Sept. 17) Video provided by AP
Powered by NewsLook.com
Space Race Pits Bezos Vs Musk

Space Race Pits Bezos Vs Musk

Reuters - Business Video Online (Sep. 16, 2014) — Amazon CEO Jeff Bezos' startup will team up with Boeing and Lockheed to develop rocket engines as Elon Musk races to have his rockets certified. Fred Katayama reports. Video provided by Reuters
Powered by NewsLook.com
MIT's Robot Cheetah Unleashed — Can Now Run, Jump Freely

MIT's Robot Cheetah Unleashed — Can Now Run, Jump Freely

Newsy (Sep. 16, 2014) — MIT developed a robot modeled after a cheetah. It can run up to speeds of 10 mph, though researchers estimate it will eventually reach 30 mph. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:  

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:  

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile iPhone Android Web
Follow Facebook Twitter Google+
Subscribe RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins