The Internet and digital technologies have been through an enormous development the past decades, and the global economy is increasingly digital. The technological advances enable numerous opportunities, as well as challenges related to integrating new business models in the traditional value chains.
The power system industry is currently in the midst of a digital transformation. This is challenging, but also presents new opportunities. In particular, these changes enable a better understanding of the end user, and the possibilities for innovation related to a better coordination in the shaping of the future's flexible energy system.
The Norwegian Water Resources and Energy Directorate (NVE) have taken an important step towards the future energy system by establishing that all Norwegian homes will have smart meters by January 1st 2019. The smart metering infrastructure itself constitute a comprehensive investment for both network companies and for the society. The smart meters are primarily considered a tool for automatic billing and reading, presenting hourly consumption data. However, the meters also provide additional smart functions.
The smart meter infrastructure will enable other benefits from real-time data, and contribute to the construction of databases for important historical data from the distribution network. Such data will offer a basis for better decisions for operation and investment. This is essential for the development of a smarter, more flexible and more environmentally friendly energy system, and for ensuring network investments that are efficient and optimal for the society.
This is a IPN-project (Innovation Project for the Industry) partly financed by the Research Council of Norway - ENERGIX programme.
ENERGIX is a large-scale programme for energy research in the Research Council of Norway. The ENERGIX-programme provides funding for research on renewable energy, efficient use of energy, energy systems and energy policy. The programme is a key instrument in the implementation of Norway's national RD&D strategy, Energi21, as well as for achieving other energy policy objectives.