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September 11, 2013
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Below is an excerpt from Smart Energy Networks: Establishing a Framework for a Value Proposition:
This White Paper is the second in a series of White Papers on smart energy networks (SEN). While the first paper describes the state of the art of SENs, this paper focuses on the establishment of a framework for assessing the key aspects of a value proposition.
The fundamental value proposition of smart(er) energy networks is related to the integration of disparate and diverse components through information and communication technologies (ICT). The potential and promise of ICTs utilizing big data to enable optimal performance of a network has not been fully realized. Convergence of ICT with multiple networks, viz., electricity, gas, heat, telecommunications, and transport offers benefits to the consumer (residential, commercial, industrial) to manage demand and supply through real-time feedback. Eliminating or reducing the demand for services at peak times allows flexibility in the planning and operation of vital infrastructure at a lower societal cost.
We note that full-scale cost benefit analysis of an integrated network of networks is not available at the current stage of development. This will require significant future effort. In this paper, we begin the task of identifying the key components and the potential benefits and risks associated with them.
To draw attention to the concept of smart energy networks, this paper addresses the following key questions regarding benefits and risks of smart energy networks:
1. What are the benefits and risks associated with smart energy networks?
2. Where do the benefits and risks of smart energy networks accrue?
3. Are the benefits and risks valued on a common scale?
4. How can a wider perspective, including social and behavioural aspects, be included in the assessment?
Download Smart Energy Networks: Establishing a Framework for a Value Proposition.
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