Smart grids could save the EU ?52 billion annually, according to leading smart grid companies that have teamed up to promote European leadership in smart grids.
The sizeable savings would arise from reducing losses in the electricity distribution network through automation and encouraging consumers to cut energy consumption with smart meters that provide more accurate and timely information, experts from the Smart Energy Demand Coalition said at its launch yesterday (15 November) in Brussels
Utilities will also be able to lower the system voltage level and make meter-reading redundant, argued Chris King, chief regulatory officer at eMeter. After deducting necessary costs like the installation of smart meters and new software, the net benefit would still be ?31 billion per year, he said.
Exelon Corp. plans to invest $3 billion to boost the output of its nuclear plants as environmental regulations make competing coal-fired generation more expensive.
The investment is part of a plan announced Tuesday to spend $5 billion between 2010 and 2015 to increase generation capacity and reduce the company’s carbon footprint.
The company already has the lowest carbon footprint of any major power producer because 93% its power is generated by its huge fleet of nuclear reactors, which emit almost no carbon dioxide. As Exelon increases its output of nuclear power, the company will close a pair of money-losing coal plants in Pennsylvania.
To reduce emissions of greenhouse gases 10 percent below 1990 levels, Oregon?s PGE (Portland General Electric) plans to replace coal plants with 2,362 MW of wind energy and 557 MW of simple-cycle combustion turbines burning natural gas
To pay for the new investment in building renewable energy, utility rates will likely rise 13% in 2019, and 25% in 2020, the utility calculates.
But the other utilities in the state that utilize the regions plentiful hydro can make a gentler transition, as they currently have surplus generation from clean sources in the spring and winter.
The Carbon Disclosure Project launches first water disclosure report on world?s largest companies
The report findings show that water is already impacting business operations with 96% of responding companies able to identify whether or not they are exposed to water risk and more than half of those reporting risks classifying them as current or near-term (1-5 years). 39% of companies are already experiencing detrimental impacts relating to water including disruption to operations from drought or flooding, declining water quality necessitating costly on-site pre-treatment, and increases in water prices, as well as fines and litigation relating to pollution incidents.
Water security is already high on the corporate agenda with 67% reporting responsibility for water-related issues at the board or executive committee level. The majority of companies (89%) have already developed specific water policies, strategies and plans, and 60% have set water-related performance targets.