Feasibility Study on Smart Meters Essay

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ABSTRACT Smart metering is a topic that recently has attracted much attention. Smart metering which is still a novel experience to Sri Lanka, promises many benefits and projects in Europe, the USA and other countries show that smart metering is technically feasible. Main issues are the actual value of the benefits, the cost involved and the distribution of cost and benefits of smart metering between market parties involved. An advanced metering infrastructure offers the possibility for additional energy related services such as demand side management and realization of virtual power plants. The future of smart metering will depend heavily on the policy and decisiveness of the governmental bodies involved. Energy savings and an increased security of supply will be main drivers and believe in smart metering as a means to reach these goals is indispensable. INTRODUCTION According to the present situation the annual electricity demand growth rate in Sri Lanka is 6-7%. In order to meet this increasing demand the electricity generation capacity needs to be doubled every ten years. This never ending growth cannot be sustained forever as the fossil fuel era has reached its ultimate dead-end. So we have to find solutions for this energy crisis. It is likely that we may have to name this new era as REEE era (Era of Renewable Energy and Energy Efficiency). Hence while exploring the possibilities of developing sustainable energy resources, similar attention should be paid to demand side management as well during this transition period. The existing electricity system does not support both demand side management and decentralized power generation. The system we have today was built in the 1950's. The Minister of Power and Energy has recently given instructions to the CEB and the LECO to explore the possibilities of up scaling the existing electricity grid to a

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