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Smart Metering and Pricing Policy in Smart Grids
Abstract
Pricing policy is one of the tools allowing the involvement of customers in the balance between the supply and the demand in smart grids. The present chapter aims at presenting the smart metering action including the bidirectional measurement of energy for smart houses equipped with renewable energies as well as the way a smart meter communicates data at the required timing to and from the control center. A typical bill establishment explaining how the net billing is produced along with a discussion about different pricing policies that the utility may adopt to reduce the peak load demand is also presented. The work is concluded by a typical simulation of a smart city modeled in LABVIEW software.
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