What drives Grid Modernization?

Grid modernization functionality and related technologies are largely driven by changes in resource mix, use of the distribution grid, and climate impacts. Source: Southern California Edison May 23, 202216 Distribution System Platform Source: U.S. Department of Energy-Office of Electricity Delivery and Energy Reliability, 2017.

What are grid modernization issues?

Grid modernization issues might be one of many contentious issues ◼Difficult to modify, reduce, or disallow costs after they are spent Most grid modernization plans are submitted beforespending May 23, 202234 Examples of Grid Mod Benefits Tim Woolf - Synapse Energy Economics Benefit Utility System Society

What is a smart grid?

Through the integration of a bidirectional power and information flow, smart systems, and renewable energy sources, Smart Grids are the next generation of power grids, enabling cooperativity, automation, and efficiency.

What enables grid expansion & modernization?

The pace of transition in grid expansion and modernization are expected to be largely determined by the movement of four enablers: capital availability, talent accessibility, technology readiness, and business models. However, the progress on these is often complicated with multiple interdependencies.

Does Gibraltar have electricity?

Until recently, Gibraltar’s electricity supply was dependent on some 40 diesel‑powered engines and turbines distributed across Gibraltar. In 2019 a new, modern power station situated at the North Mole commenced operation running long term on liquid natural gas (LNG).

Are the benefits of Smart Grid Modernization hard to monetize?

•Grid modernization costs are relatively easy to quantify and monetize. •But the benefits are sometimes hard to quantify and monetize. May 23, 202236 Interdependence of Components Tim Woolf - Synapse Energy Economics Source: Adapted from World Bank, Practical Guidance for Defining a Smart Grid Modernization Strategy: The Case of Distribution, 2017.