Assessing Smart Grid Benefits and Impacts: EU and U.S. Initiatives

The Joint Research Centre and the US Department of Energy have published today a joint report comparing EU and US initiatives on assessing the impacts and progress of Smart Grids. This study aims at finding common ground on Smart Grid assessment initiatives in the EU and the US in order to facilitate further dialogue between Smart Grid experts from both sides of the Atlantic and promote common best practice; thereby fostering interoperability.

The report compares initiatives on a number of themes including Smart Grid definition and conceptual framework, mapping and classification of Smart Grid projects, project impact assessment based on performance indicators and cost-benefit analysis and platforms for sharing and dissemination of project results.

Initiatives on Smart Grids have been growing in number and scope both in the EU and the US over the past few years, with substantial public and private investments committed to R&D and demonstration projects, demonstrating the necessity of such a report. Assessing the impact of Smart Grid applications and sharing lessons learned and achievements is deemed instrumental to prioritise policy initiatives, unlock market investment potentials and empower consumers in the transition to a smart electricity system.

This joint work is carried out in the framework of the EU-US Energy Council, which intends to deepen the transatlantic dialogue on strategic energy issues such as policies to move towards low carbon energy sources while also strengthening the on-going scientific collaboration on energy technologies.

You can download the report from here.