Maximizing Flexible Electricity Use by Load Balancing of Smart Grids

by Stephanie Oehler

The electricity supply has traditionally been dictated by consumers. Consumers demand varying amounts of energy depending on their instantaneous needs and suppliers are left to use whatever resources are necessary to meet their demands. As populations grow and electricity demands per capita increase, the discrepancy between demand and sustainable supply levels continues to widen. The smart grid may have the potential to mediate the conflicting objectives of consumers, who prefer supply levels that correspond with high levels of convenience for them according to their preferences, and suppliers, who would benefit from producing at a more constant rate. Hassan et al. (2013) explore the plausibility of load balancing, which has been enabled by smart grid technologies, as a method of balancing demand to more closely align with reasonable supply levels. Continue reading