- Utilities deciding on whether to get involved
- Risk of losing monopoly but facing possibility of being forced to comply and don’t want to be left behind
- Huge cost to modernize the grid $1-2 trillion Who will pay for this?
- Utilities currently testing the waters with a few projects
- Results/benefits need to be shared
- Most of the talk in the industry is at a very high level
- There will be many more discussions on how to carry out the vision
- The potential for SG is theoretical…it will take time for the engineering to figure out how to provide the benefits
- Consumers not engaging
- They’ve never had to
- Requires more work on their end
- Need for easy monitoring, education, smart devices, and realized benefits for consumers to get more involved
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Smart Grid 101