Development smart grids Spain - Futured

Development smart grids Spain. FutuRed - BCGIntroducing dynamic price signals would favor consumers’ involvement in the management andflattening of the system’s demand curve. There would be different hourly prices according to thecost of producing and transmitting power to the consumption point. Knowing this, end customerscould delay consumption to another moment of the day or even reduce it.3.2. Encourage development incentivesSmart grid deployment requires encouraging both grid companies (to foster innovation) aswell as end consumers by funding smart systems and applications for their households.Grid companies should be responsible for leading potential large scale pilot projects, sincethe validity or not of the expected solution should have been tested in grids in real operatingconditions (voltages, consumers’ demand, grid behavior). Therefore, it is necessary to establishfunding mechanisms to develop R&D projects in real conditions, prioritizing those carried out bynational companies and favoring collaboration across companies from different sectors.As far as the end consumer is concerned, demand management systems, although they arenot extremely expensive, may represent a significant outlay for some families. That is why the simplicityof all these applications and the availability of funding mechanisms for customers areequally important.18