Chris King, Chief Regulatory Officer at eMeter (San Mateo, Calif., U.S.A.), a global smart grid software platform provider, is urging policymakers to adopt a universal smart grid vision for consumers in response to slow deployment of consumer-oriented smart meter functionality.
To meet consumer needs while fulfilling policy goals, global leaders are urged to share an emerging consensus vision of smart grid benefits including: financial savings via improved load factor and system efficiency; faster and wider adoption of renewable energy and electric vehicles; a primary policy tool to achieve policy goals of energy savings, renewable portfolio standards, and emission reductions; access to detailed energy information; choice of time-based pricing options; and availability of automated appliances and devices.
According to eMeter, experience has shown that these benefits are delivered most effectively when regulators establish specific smart meter installation and functionality targets.
"Financial savings due to higher system efficiencies and the wider adoption of renewable energy are possible if Government leaders set uncomplicated compelling high-level vision for the Smart Grid," says King. "Leaders should leverage policies to allow the market to deliver creative solutions in order to fully achieve their Smart Grid goals and deliver benefits to both consumers and utilities."
The European Union's visionary policy of 80% meter installation by 2020 and 100% by 2022 is just one prominent example of forward thinking national policy. The United States on the other hand has visionary renewable portfolio standards and smart grid implementation policies on a state-wide level but no cohesive national policy for the country to reach its smart grid goals, according to the company. Smart Grid planning continues to progress in countries such as Brazil and the UK and as more national policies are created, consumers empowered by energy consumption information will make smart energy choices with positive global effects, says eMeter.
According to eMeter, King has testified before Congress and was instrumental in crafting the Smart Grid provisions of the Energy Policy Act of 2005 that paved the way for advanced metering initiatives in the U.S.