Smart Metering and time-varying pricing deployment – Cost-Benefit Analysis from a real pilot-implementation

Abstract

Electricity networks are undergoing revolutionary changes. The backbone of these changes is a modern electricity distribution system that encompasses smart technologies and services, a smart grid. As with many transformative technologies and services, there is a degree of uncertainty around the expected benefits and costs that are variable and highly dependent on the exact deployment area. The focus of this paper is to present a contextual-based methodology to determine and quantify the costs and benefits of a large-scale deployment of smart metering and time-varying pricing in isolated power networks with high shares of photovoltaic (PV) systems.