Smart Grid Consumer Demand Package

Smart Grid Consumer Demand Package
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Report 1

Utility and Consumer Demand have Yet to Substitute Government Initiatives as Key Driver for Smart Grid Technologies

This report provides an analysis of how the market for smart grid technologies is being driven by government initiatives instead of utility and consumer demand. Government policies and regulations have emerged as the key drivers of smart grid technologies, as opposed to utilities or consumers. The smart grid market is in its nascent stage, and demand from retail consumers and utilities is not strong enough to drive the market. Lack of awareness about the technologies among consumers and unwillingness of utilities to adopt them have also contributed to weak demand. In such a scenario, governments in key smart grid markets are creating policies aimed at helping utilities and consumers understand the benefits of smart grid and implement smart grid technologies, and also providing funds and non-financial incentives. Utilities will need government funding support as they will not be able to shoulder the whole investment commitment to deploy smart grid technologies without it.

Report 2

Demand Response - Global Market Sizing, Analysis and Forecasts to 2020

Demand response and smart appliances are expected to play a major role in smart grid to improve the reliability of power delivery system. Demand response facilitates systems to encourage load shifting or load shedding when the demand for power in the electric grid rises or power prices escalate. Electric appliance majors such as LG, GE and Whirlpool have undertaken extensive research and development activities to come up with smart appliance products that will complement demand response. The recent spur in smart grid implementation activities across the globe has improved the potential of demand response and smart appliance markets and the trend is expected to sustain for a long period.

Report 3

Consumer Engagement will Serve as a Key Success Factor for Smart Grid Development

This report provides an analysis of how engaging the consumer in managing the consumption of energy will result in success of smart grid. Consumer engagement is an important factor for the success of smart grids. Utilities such as AEP Ohio, Southern California Edison, CentrePoint, and SEAS-NVE are attempting to engage consumers by educating them about the benefits of smart grid technologies through consumer awareness projects. This will help utilities to handle consumer complaints more effectively, but they must however address concerns regarding privacy and data security, and ensure a secure interface for billing. It is important to allow consumers to access information regarding their energy usage so that they can manage their energy consumption and reduce their electricity bills. Consumer engagement activities carried out by the utilities will also help to gain the confidence of consumer advocacy groups and encourage them to support the deployment of smart grid technologies.