Taiwan’s government is to invest NT$130 billion ($4.4 billion) in the deployment of a national smart grid over the next 20 years, according to a report from Taiwan Today.
The report claims the plan has already secured the backing of the Cabinet and says an interagency task force will soon be formed.
Taiwan’s Bureau of Energy, under its Ministry of Economic Affairs, has said the construction of a smart grid is needed to help Taiwan reduce its carbon emissions and become more energy efficient.
Rolling out a smart grid would involve not only building new infrastructure for electricity generation, transmission and distribution but also installing smart meters at consumer premises.
National utility Taiwan Power Co has reportedly been put in charge of working out the details of the implementation.
The first step will be to agree on standards and a certification process for smart grid applications.
Taiwanese authorities believe the construction of the smart grid would provide a boost to the country’s technology industry, a mainstay of its economy.
According to Taiwan Today, they also think it would take pressure off the island’s power plants by helping to regulate electricity supply and demand during peak periods.