Why Smart Meters And Real Time Prices Are Not The Solution
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About The Author

Florian Kühnlenz currently works at the Centre for Wireless Communications (CWC), University of Oulu. Florian does research in Smart Grids, Energy Markets and Complex Systems. Their current project is 'BCDC Energy.'

                       

Why Smart Meters And Real Time Prices Are Not The Solution

The story that we are often told about modern electricity grids goes like this: In the smart grid, the smart meter is the gateway for all smart appliances in our smart home to know when the electricity is cheap. They will use this information to decide between our comfort level and cost when doing their duty; an economist might say they optimize the utility value. The beauty of this idea is that the price will align the needs of the...

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