INGENIEUR
Phases
of
funcEonaliEes
of
AMI
(Fig
3.2)
Figure 3.2: Phases of Functionalities of AMI
Time of Use (TOU) Based Billing,
Smart Payment (Pre-payment), and
●●
Incentive Based Demand Response.
●●
These features or value-added services to
the customers will be developed and introduced
in phases based on the readiness of the IT
integration and legislative framework such as
Demand and Response. The targeted development
of the functionalities is depicted in Figure 3.2.
●●
CONCLUSION
The Smart Grid project is a ‘change management’
journey which involves innovation throughout
the electricity value chain, utilizing advanced IT
and communications infrastructure, people and
processes. It requires advanced planning to
ensure seamless integrations with the existing/
new systems, ICT infrastructure readiness,
business process re-engineering, human capital
development and comprehensive consumer
engagement plan. The successful implementation
of Smart Grid requires strong Government and
regulatory support with the relevant policies and
supporting grants, and allows the utility to recover
the costs through the rate base. The benefits
that can be accrued from this project are long
term in nature and dependent on the availability
of value-added services to customers. In this
regard, most countries provide significant grants
(e.g. USA, Japan, Korea) and/or regulatory passthrough to customers (e.g. Australia, Spain) to
cover the high capital investment of Smart Grid
implementation.
6
52
VOL 58 APRIL 2013 2014
VOL 55 JUNE – JUNE
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POWERING THE NATION
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