Description

The majority of European energy utilities have made considerable amount of progress towards smart grid implementation, especially in the areas of automated meter infrastructure (AMI) and demand side management. Approximately 35 per cent of utilities companies do not know when a return on investment will be achieved from their programs, whereas 29 per cent feel that it will be achieved within five years. Financial restraints continue to be a major factor for utilities slowing down smart grid implementation in Europe. However, most of the utilities feel that developing demand response and energy efficiency programs will be a major revenue generator post implementation.