Benefits and barrier of smart grid renewable energy
The benefits of smart grid renewable energy system are summarized as follows [10]:
First, enabling renewable energy resources to accommodate higher penetration with cost effective
while improving power quality and reliability.
Second, integrating consumers as active players in the electricity system; savings, achieved by
reducing peaks in demand and improving energy efficiency, as well as cutting greenhouse gas
emissions.
Finally, voltage regulation and load following enables reducing cost of operations based on marginal
production costs.
The barrier to smart grid technology adoption is justifying the value preposition by the service
provider and the customer, followed by regulatory constraints and technology standard that obstruct the
smart grid technologies.