- The way electricity is delivered to the consumer has not changed much in the last 100 years. There is great potential for greater efficiency in how we produce, transfer and use electricity.
- Achieving a 21st century level of efficiency in Mississippi is the goal of the Smart Grid. The Smart Grid would incorporate new information sharing and communications technology into all aspects of electricity generation, delivery and consumption to:
o Minimize environmental impact
o Enhance markets
o Improve reliability and service
o Reduce costs and improve efficiency
- A key component of the Smart Grid is new technologies being installed by various utilities that give customers options on how they use electricity. These technologies include distribution control systems that work in real-time to manage system conditions, demand and outages. Examples of this are self-healing networks, intelligent electronic devices, dynamic line ratings, power quality monitoring and security (from cyber attacks).
- Smart meters: Instead of traditional electric meters a homeowner with a smart meter can conserve and save money by participating in programs that manage peak demand. For example, a utility experiencing a high load capacity can offer homeowners lower rates if they will use high-use appliances like dryers and ovens later in the evening, when demand for electricity is lower.