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The first official definition of Smart Grid was provided by the Energy Independence and Security Act of 2007 (EISA-2007), which was approved by the US Congress in January 2007, and signed to law by President George W. Bush in December 2007. Title XIII of this bill provides a description, with ten characteristics, that can be considered a ...
Support for the smart grid in the United States became federal policy with passage of the Energy Independence and Security Act of 2007. [1] The law set out $100 million in funding per fiscal year from 2008 to 2012, established a matching program to states, utilities and consumers to build smart grid capabilities, and created a Grid Modernization Commission to assess the benefits of demand ...
The purpose of the Smart Grid task force is to undertake research and development about the smart grid, developing relevant standards and protocols, defining the relationship between smart grid technologies and practices and current electric utility regulation, as well as researching the development of smart grid infrastructure. [14]
Since electrical energy is a form of energy that cannot be effectively stored in bulk, it must be generated, distributed, and consumed immediately. When the load on a system approaches the maximum generating capacity, network operators must either find additional supplies of energy or find ways to curtail the load, hence load management.
The European Technology Platform (ETP) for the Electricity Networks of the Future (SmartGrids) is a European Commission initiative that aims at boosting the competitive situation of the European Union in the field of electricity networks, especially smart power grids. The ETP represents all European stakeholders.
In August 2011, the journal's "Protecting Smart Grid Automation Systems Against Cyberattacks," authored by IEEE members Dong Wei and Yan Lu became the three millionth document in IEEE Xplore, IEEE's extensive digital library. [38] Mohammad Shahidehpour is the current Editor-in-Chief of IEEE Transactions on Smart Grid. [37]
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In addition to that, Smart Grids are declared to be one measure to reduce CO 2 emissions. There are currently 24 Projects run by private companies around the Smart Grid technology supported by the Austrian Klimafonds and FFG, [5] that are being concluded in the years 2011 and 2012 and have a total volume of €10.3 Mio.