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A smart grid is an electrical grid that uses information and communications technology to gather and act on information, such as information about the behaviors of suppliers and consumers, in an automated fashion to improve the efficiency, reliability, economics, and sustainability of the production and distribution of electricity.
Efficiency
Numerous contributions to overall improvement of the efficiency of energy infrastructure is anticipated from the deployment of smart grid technology, in particular including demandside management, for example turning off air conditioners during short-term spikes in electricity price. The overall effect is less redundancy in transmission and distribution lines, and greater utilisation of generators, leading to lower power prices.
Load adjustment
The total load connected to the power grid can vary significantly over time. Although the total load is the sum of many individual choices of the clients, the overall load is not a stable, slow varying, average power consumption. Imagine the increment of the load if a popular television program starts and millions of televisions will draw current instantly. Traditionally, to respond to a rapid increase in power consumption, faster than the start-up time of a large generator, some spare generators are put on a dissipative standby mode. A smart grid may warn all individual television sets, or another larger customer, to reduce the load temporarily (to allow time to start up a larger generator) or continuously (in the case of limited resources). Using mathematical prediction algorithms it is possible to predict how many standby generators need to be used, to reach a certain failure rate. In the traditional grid, the failure rate can only be reduced at the cost of more standby generators. In a smart grid, the load reduction by even a small portion of the clients may eliminate the problem.
Electrical Grid
A power grid is an interconnected network of transmission lines for supplying electricity from power suppliers to consumers. Any disruptions in the network causes power outages. India has five regional grids that carry electricity from power plants to respective states in the country. For an electricity grid to function smoothly, it is essential that load and generation must be balanced at all times to prevent a failure. The flow of electricity through the lines should ideally not exceed the rated capacity, otherwise the lines could trip due to an overload.
On one hand it has Generating station and on the other hand it has load centres.
generating stations
They put together, supply the electricity demand through the transmission lines; Draw the power from the lines and send it to consumers.
Components of a grid
A grid consists of three main components: produce electricity from fossil fuels (coal, gas) or non-combustible fuels (hydro, nuclear, wind, solar);
power stations
reduce the voltage so that distribution lines carry power for final delivery.
Indias present installed electricity capacity is 205 gigawatts (1GW is 1,000MW). Per capita electricity consumption in China is about 3.5 times that of India. [ If a countrys electricity, cement or steel consumption is higher than India, it means theyre more advanced and Developed than we are]. Hydro and coal account for nearly 77 per cent of electricity generation in India.