Cost-Effectiveness Of US Smart Grid? Trillions To The Plus Over 20 Years

smart grid house technology photo
"Toyota lanceert een Smart Grid dorp met 6 smart-houses en 8 Toyota Prius plug-in hybrids." Image credit:Flickr, DOETDOET
What's the projected balance sheet look like for the much talked-about 'smart grid?'

Telecom Engine, sharing a Reuters report, summarizes an Electric Power Research Institute (EPRI) study which concluded that investment in upgrading the US power grid to 'smart grid' status over the next two decades will return benefits in the thousand-fold range.

"A planned modernization of the U.S. national power grid will cost up to $476 billion over the next 20 years but will provide up to $2 trillion in customer benefits over that time, according to industry experts."Consumers are Tea-Party crazy if they don't push for it.

By the year 2050, EPRI estimated the average electric bill will probably go up by about 50 percent if the smart grid is deployed. If not,... the average electric bill could go up by almost 400 percent.

Interested in investing in the smarter America? Reuters lists the players.

Some of the biggest technology firms in the world are competing to supply the smart grid infrastructure, including International Business Machines, General Electric, ABB, Siemens, Google, Toshiba, Cisco and Microsoft.

Last week, Japanese multinational Toshiba agreed to buy Swiss smart grid company Landis+Gyr for $2.3 billion.