Things are looking up for Thailand's power industry when it begins to deploy "smart grid" technology, which allows consumers and electricity utilities to become interconnected and to gain intelligence information on their real-time supply and demand behaviour.Martin Hauske, managing director of Accenture's smart grid services in Asia Pacific, said an Accenture survey found that energy utilities could potentially see their revenues shredding by 15 per cent from an evolution of new energy technologies that include energy conservation and demand response, energy efficiencies, energy substitution and distributed generation resources.
Accenture has joined forces with Chulalongkorn University to advise a Thai power utility to develop its roadmap toward the smart grid system.
Eighty-five utilities executives from 20 countries took part in the study, which also found a growing threat in the areas of greater competition and rising risk of grid faults.
The impact of new technologies on utilities' revenues is estimated at up to $48 billion in the United States, and up to 61 billion euros in Europe, based on the potential power load reduction.
More opportunities than threats
However, in the case of Thailand, Hauske said he foresees more opportunities than threats for the country to leverage new technologies, including distributed energy resources such as solar power and energy storage technologies to lower its electricity costs.
"And since Thailand is heavily relying on [natural] gas, so to replace it with renewable energy is an advantage for Thailand," he said.
Hauske said solar power has already reached the "tipping point" to gain the "grid parity" in most parts of the world, including Thailand.
But due to the intermittent nature of renewable energy, the country needs to strengthen the reliability of its power grid through "digitising" it with analytics technology, automated system, and on the consumers side, smart meters.
Source: EET Asia
View all SMART GRID Bulletins click here
Enter your email-id to subscribe to theSMARTGRID Bulletins