Analysis of Distributed Generation Systems, Smart Grid Technologies and Future Motivators Influencing Change in the Electricity Sector

Abstract

The global Electricity Sector and its customers are faced with a number of challenges that are unparalleled since the advent of widespread electrification. Challenges including climate change, escalating energy prices, energy security and energy efficiency are converging to drive fundamental change in the way energy is produced, delivered and utilized. The electricity system of the future must produce and distribute electricity that is reliable, affordable and clean. To accomplish these goals, both the electricity grid and the existing regulatory system must be smarter. This paper explores smart grid technologies, distributed generation systems, R & D efforts across Europe and the United States, and technical, economical and regulatory barriers facing modern utilities.