The Future of Energy Consumption with smart grid Technology by Daniel Stouffer

Smart meters can be a bit expensive but could help in making energy capacity distribution more efficient to help reduce energy consumption. In most situations, consumers never realize their high energy consumption until they receive their month's end utility bills.

On a larger scale, unless the distribution grid is excellent in integrating and translating power efficiently, time and money spent in developing alternative sources of energy might just be in vain. There might be major energy problems in the future as the electricity demand would be very high, unless an excellent management of smart grids will be implemented.

Fast forward in the future, and people would be riding on electric cars. There will be a high number of people who will be recharging their cars when they reach their respective homes at the end of the day. This could put strain on the system's load. Consumers will end up paying more as the demand is already very high.

Smart meter and grids are capable in allowing communication between end users and energy sources. This serves as an educational platform that could encourage consumers to choose and "shop wisely" in terms of energy consumption. This will create a very well-balanced energy supply and demand as the smart grid is able to choose between the most efficient sources of energy at any given time.

Smart grid is an initiative in the front and center as Obama's administration is allocating from the economic stimulus package some $4Billion. At face value, the smartest way to spend this smart grid budget is to have a "smart meter" installed in every household. It is estimated that this will cost $100 or more and might cost more to run. However, consumers will be able to save a considerable amount with a meter that's a little more complex.

The smart meter is a great help in cutting down on reading costs as it is able to send information between the power company and the meter wirelessly. If needed, it can also inform the company if there is any problem which therefore allows remote monitoring of use. Ultimately, smart meters can communicate with the utilities and appliances that are within the property, which allows consumers to enlist in programs which use clean energy sources.

In an ideal scenario, all appliances can be configured to operate at times when the demand for electricity is low. This largely affects the consumers' monthly bills as the price of electricity is usually high when the demand is also high. When it comes to electric cars, an approach called V2G (vehicle to grid) can be used, which allows a vehicle that's plugged in overnight to absorb excess electric supply and return if needed.

In the world, Italy is leading in smart metering and smart grid. It is estimated that about 30 million smart meters will be able to pay for themselves in 5 years as an impact of the savings each year. Smart meters and smart grids will be assets in the future as the demand for sustainable resource planning is rising.

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