2.2. Benefits and barrier of smart grid renewable energy
The benefits of smart grid renewable energy system are summarized as follows:
• 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.