Development smart grids Spain - Futured

Appendix I. Smart GridsBy using the latest communication and grid element technologies, smart grids are capableof coordinating the needs and skills of all generators, grid operators, end users and, in short, allthe stakeholders involved in the power generation and consumption process.In order to evolve towards a smart grid, it is critical to implement technological advances,both in physical grid elements as well as in communication and systems technologies. Thesenew technologies will spread along the grid, from generation to consumption points, throughtransmission and distribution grids, as illustrated in Figure 5.Figure 5: Cost-benefit ratios of smart grids in SpainSource: The Boston Consulting Group21