US Department of Energy report revealed that smart grid projects have generated $7 billion in total economic output and 47,000 jobs. For every million dollars of direct smart grid spending, the nation’s gross domestic product increased by $2.5 million. To strengthen further the eco-system of smart grids, now, the Smart Grid Advancement Act of 2013 has been placed for voting in the senate.
Download a copy of the Smart Grid Advancement Act of 2013 from here-
Objective of the Bill:
“To incorporate smart grid capability into the Energy Star Program, to reduce peak electric demand, to reauthorize a energy efficiency public information program to include Smart Grid information, and for other purposes.”
- Open doors for “Energy Efficiency and Smart Grid Public Information Initiative”, “Inclusions of Smart Grid Capability on Appliance Energy Guide Labels”, and “Assessment of Smart Grid Cost Effectiveness in Products”
- Requiring states and utilities to set goals to slash peak demand using smart grid technologies.
- Utilities will have to post a minimum decrease in peak demand by 2015 while the law also pushes to expand the Energy Star Program, equipping customers with information to purchase energy efficient and cost-saving appliances.
India should take a proactive approach in framing smart grid policy and separate acts to address the long-term energy problems by orienting the grid towards consumers. This is the right time for India to come up with such smart grid acts like what US and Europe did.