Banking on the Smart Grid

Banking on the Smart Grid
Posted: 15 Mar 2015
Authors:
Doug Houseman
Primary Committee:
IEEE Smart Grid Newsletters
Pages: 2

When is electricity like money? The answer might be when you think of the smart grid as a debit card, complete with fees. That's because the grid is rapidly becoming a bank for energy, something it was not designed to be. The banking capability of the grid will make a huge difference for people in the future as distributed energy resources (DER) become more important. In this discussion our units will not be dollars, but rather Kilowatt hours (KWh).

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