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1.4 Need for a Novel Business Model for Power Distribution under Smart Grid Environment
ОглавлениеPoor innovation capability and adaptation of an inappropriate business model for the power distribution sector has acted as an obstacle toward incorporating the latest technologies, especially designed for the sector. For example, specific technologies have been designed for ToD/ToU metering, demand-side management (DSM) initiatives, loss reduction, distributed generation (DG) promotion, etc., but the adopted business model has failed in harnessing benefits from these specially designed technologies. Therefore, developing an appropriate business model that can capture values from these technologies is highly essential for the effective and efficient performance of the power distribution sector.