Via The Energy Collective, a report on the keynote speech by U.S. Secretary of Energy Dr. Steven Chu at the International Smart Grid Summit. As the article notes, Secretary Chu emphasized smart grid as a key to enabling modernization of our electrical system, but we found the following comments to be most insightful as they emphasize the link between the smart grid and smart markets:
“…Chu emphasized the importance of the consumer in grid modernization. Smart Grid must empower consumers through better information and give consumers the tools and incentives to manage their energy use and eliminate waste. In order to change consumer behavior, the demand response programmability must be as easy and automatic as possible. This automated demand response saves both capacity and energy. Chu used the analogy of a digital camera: there is the very simple option of automatic point-and-shoot but also the option for people to do more and take advantage of all available features if they so choose….”
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