Orlando, FL, U.S.A. — (METERING.COM) — September 5, 2011 – The Smart Grid Research Consortium has released a scorecard for utilities to evaluate their smart grid investment and planning process.
The objective of the scorecard is to assist utilities in identifying specific technologies and programs that best meet utility financial requirements while considering unique infrastructure and customer characteristics.
For utilities who have not yet started the smart grid investment process, the scorecard provides guidance on issues to consider when developing in-house investment analysis/planning capabilities or when engaging consultants.
“We have drawn on our experience developing and implementing the Smart Grid Investment Model ™ at fifteen utilities since 2010 to provide this evaluation process,” explains Dr. Jerry Jackson, leader and research director of the Smart Grid Research Consortium.
The scorecard uses the concept of the smart grid “investment quotient” (IQ), which is compiled in six categories: AMI/DA investment/planning scope, customer engagement investment/planning scope, other financial items, utility customer detail, investment analysis quantitative framework, and ease of use/user interface/ results presentation.
While other benchmarking systems are available, they were not designed to identify specific technology/program details of the “ideal,” which depend on each utility’s service area, customer characteristics and current infrastructure, or how to develop an investment and planning process to achieve the utility-specific ideal smart grid system, according to Jackson.
Click to view the white paper Score your Smart Grid IQ (Investment Quotient).