Working smarter not harder is becoming reality with the smart grid – a digital overhaul of the electrical grid with real-time energy efficiency. Colorado Springs Utilities has deployed steps toward initiating the smart grid getting away from the existing electrical grid power outages.
In 2010 Colorado Springs Utilities installed 530,000 smart meters. The meters use wireless radio transmitters for accurate daily meter readings, as part of a new outage management system. The system will track outages in real time to get the power on quicker.
“This technology provides customers with a better understanding and management of their consumption, and more hands on control over the cost of their monthly bills,” said Jerry Forte, Springs Utilities’ CEO in a press release.
The Brattle Group, a finance and regulatory group, estimates between 2010 and 2030 the smart grid infrastructure will require approximately $1.5 trillion. The investment provides a long-term sustainable return, as energy demands from advanced technology increase.
Power outages of the existing electrical system, “Costs Americans at least $150 billion each year,” according to the Department of Energy Office of Electricity Delivery and Energy Reliability. “Loads from chip technologies and automated manufacturing has risen to 40 percent, and the load is expected to increase to more than 60 percent by 2015.”
The more efficient a utility system, the less money is required in the long-term to maintain stability. It takes money to make money, so an investment in the smart grid provides an even greater good return.
According to the DOE, “The smart grid holds the potential to be the most affordable – saving more energy. It will clearly require investments that are not typical for utilities. But the overall benefits of such efforts will outweigh the costs, as some utilities are already discovering.”
Pending savings in emerging regulatory incentives, the investments in the smart grid may return an even greater long-term nationwide stability.


