Smart grids could save the EU €52 billion annually, according to leading smart grid companies that have teamed up to promote European leadership in smart grids.
The sizeable savings would arise from reducing losses in the electricity distribution network through automation and encouraging consumers to cut energy consumption with smart meters that provide more accurate and timely information, experts from the Smart Energy Demand Coalition said at its launch yesterday (15 November) in Brussels.
Utilities will also be able to lower the system voltage level and make meter-reading redundant, argued Chris King, chief regulatory officer at eMeter. After deducting necessary costs like the installation of smart meters and new software, the net benefit would still be €31 billion per year, he said.
To read the full, original article click on this link: Smart grids could save Europe €52bn | EurActiv
