| Title |
A Economic Evaluation for Demand-Side Resource using Smart Metering System |
| Authors |
Sang-Kug Im ; Hee-Sang Shin ; Sung-Min Cho ; Hee-Tae Lee ; Yong-Tae Yoon ; Jae-Chul Kim |
| Keywords |
Demand Side Management ; Smart Metering System ; Economic Evaluation |
| Abstract |
Recently, the crude oil price per one barrel in 2005 cost 49.4 dollars. But the value of crude oil in 2007 had ascended 68.4 dollars which was skyrocketed 38.5[%] owing to the sudden rise of energy price. As it has been growing the necessity of energy efficiency, energy intentive companies actively try to implement energy management system. It has been studied to improve the energy saving for household sector using the smart metering system which can give the information of energy prices, pattern on real time to energy consumers and voluntarily lead the activities of energy saving. In this paper, we estimated potential benefits and value of smart metering system through california test. |