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Smart electric grid could save billions says Pacific Northwest National Laboratory

A report released by Pacific Northwest National Laboratory has highlighted that – in the largest simulation of its kind – a transactive energy system that gives flexible control over energy supply and use patterns could save consumers $50 billion a year. The simulation showed if the transactive energy system were deployed on the Electric Reliability Council of Texas (ERCOT) grid, peak loads would be reduced by up to 15% – saving up to $5 billion annually in Texas alone. The savings would equal the annual output of 180 coal-fired power plants nationally. You can read the full article from Science Daily here.