Smart grids will minimise energy loss, expert says

Abu Dhabi: Europe will save €30 billion per year by introducing smart grids in power sector, an expert told a forum at the World Future Energy Summit in the capital on Wednesday.

"But one third of the benefit of smart grid should come from consumer behavior," said Rend Stephen, Partner and Managing Director of the Boston Consulting Group in Abu Dhabi, at a session titled 'Energy Efficiency: the role of the consumer in ensuring smart grid reaches its potential'.

A smart grid delivers electricity from suppliers to consumers using two-way digital technology to control appliances at consumers' homes to save energy, reduce cost and increase reliability and transparency.

Smart Grid can minimise loss in value chain of power sector, said Dr Peter Terwiesch, CTO of ABB.