Report: Government Regulation of Smart Grid Could Slow Market

1 min read

grid1Smart Grid Anaysis, NanoMarkets’ group focused on the analyzing emerging market and technology opportunities within Smart Grids, has issued a new report on the future development of the market.

The report finds that there will likely be a slowdown in the future due to government regulation.  While the government is currently investing money into the program, the standards setting and inter-probability issues will likely slow market development soon.

One important finding in the report on the future Smart Grid market business opportunities involving new technologies are likely to come from areas that have been favored by regulators and legislators.

These include energy storage, load control, distributed generation, enhanced power monitoring, and direct system state sensors. There are also immediate opportunities for firms active in areas where standards are mature and unlikely to change, for instance substation automation.

Regulators have still not made time-varying rates available to smaller users in the U.S. or in Europe.  Until this can be resolved, customer-side business opportunities in the Smart Grid will be found primarily with low-level customer metering systems, such as those capable of remote reading.

Currently, some utilities are expected to choose “Smart Grid Lite,” so they can wait and estimate how the politics and economics come together before actively promoting user-side activities.

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