A new approach for evaluating the benefits of smart grid development

Song, Qiru, Wang, Hui, Wen, Fushuan, Ledwich, Gerard, & Xue, Yusheng (2013) A new approach for evaluating the benefits of smart grid development. In Proceedings of the 2013 Australasian Universities Power Engineering Conference (AUPEC), IEEE, University of Tasmania, Hobart, Australia, pp. 1-6.

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In this paper, the inherent mechanism of benefits associated with smart grid development is examined based on the Pressure-State-Response (PSR) model from resource economics. The emerging types of technology brought up by smart grid development are taken as pressures. The improvements of the performance and efficiency of power system operation are taken as states. The effects of smart grid development on society are taken as responses. Then, a novel method for evaluating social benefits in energy saving and CO2 emission reduction from smart grid development is presented. Finally, the benefits in a province in northwest China is carried out by employing the developed evaluation system, and reasonable evaluation results are attained.

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ID Code: 68657
Item Type: Conference Paper
Refereed: Yes
Keywords: Smart grid, Benefits, Evaluation system, Pressure-State-Response model
DOI: 10.1109/AUPEC.2013.6725350
ISBN: 9781862959132
Divisions: Current > Schools > School of Electrical Engineering & Computer Science
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2013 IEEE
Copyright Statement: Personal use of this material is permitted. Permission from IEEE must be obtained for all other users, including reprinting/ republishing this material for advertising or promotional purposes, creating new collective works for resale or redistribution to servers or lists, or reuse of any copyrighted components of this work in other works.
Deposited On: 18 Mar 2014 01:08
Last Modified: 19 Mar 2014 00:07

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