By now you’ve probably heard about the Smart Grid project, a project to replace Australia’s ageing grid with a new network of solar panels, smart meters, and battery storage.
The project, which was announced in March, has already received significant media attention.
But what do you think about the project’s viability?
Are the claims of its viability really true?
What will the outcome be?
The Smart Grid conceptThe Smart grid concept is an ambitious project that is supposed to save lives and improve electricity supply by linking homes and businesses to a grid.
The idea is to reduce electricity demand by 50 per cent by the year 2030.
This is a huge project, but it’s one that could be scaled up if it’s funded properly.
It’s also been criticised for not being fully costed and has a high cost of capital.
For example, the SmartGrid project has not been costed properly.
This has led to criticism from some quarters of how the project will be financed.
One of the criticisms of the Smart grid is that it is not fully cost-effective.
This might be true for a number of reasons.
For one thing, it depends on how much solar energy is produced by the grid.
In Australia, the vast majority of energy is generated by wind farms and the grid can only use so much.
For this reason, the total amount of energy produced by all of Australia’s electricity generation in 2020 is around 70 gigawatts (GW).
This amounts to around 2,500 megawatts of power, which is only enough to power around 3,500 homes.
The smart grid can also be limited by the fact that it relies on a network of meters that need to be installed in all new homes and workplaces.
This will reduce the capacity of the grid, which could result in a reduction in electricity supply and/or reduced consumer choice.
A better approachThe idea of a smart grid has been around for some time, and the Smartgrid concept is not a new one.
It has been used in the US, Canada, Japan, China, South Korea, Japan and several other countries.
In fact, the idea has been applied to almost every aspect of the electricity sector in Australia.
But the Smart System has been much more widely adopted than this.
Australia’s National Energy Market (NEM) was established in 2010 and is supposed “to provide a stable and predictable electricity supply in a competitive and secure environment”.
It is supposed not to be subject to market fluctuations or price volatility.
The NEM was created as a result of the 2007 electricity price shocks, which saw electricity prices in Australia increase by 25 per cent between 2003 and 2009.
The NEM has been criticized for its lack of oversight and for being too opaque.
This was a point of concern when the Smart Power project was announced.
But this was mostly because of the fact the NEM is not yet up to scratch.
The Smart Grid idea, on the other hand, is being introduced at a time when it is in a better place.
For example, in a recent report on the NEGMs (which are owned and managed by the Australian Energy Market Operator), the authors point out that “there is significant scope for innovation and cost-effectiveness, particularly in areas such as energy storage, and significant potential for reducing the amount of renewable energy in the energy mix.”
What the Smart system will be capable ofIn its current form, the smart grid will have four components:Solar panels.
These will be connected to the grid using a hybrid battery.
The panels will generate a small amount of power using solar energy, but will also absorb it into the grid and store it in batteries.
These batteries can be used to store the excess energy from the solar panels in the form of a storage bank.
The bank will be able to use it to charge the batteries later when they are needed, or when it’s not available.
These meters will be installed at the top of each home and workplace, monitoring the use of electricity, which will provide information about the energy used.
These meters will then be connected directly to the Smart Meter network, which can use the information to offer consumers incentives to reduce their electricity consumption.
Battery networks are not new.
For many years, Australia has had a grid of thousands of individual batteries and smart meters.
The system has since been scaled up to more than 300,000 individual batteries.
The Smart system is a big project.
But are the claims it is viable?
The big challenge with the Smart project is that the smart network will only be connected once every 10 minutes, and this will be a major bottleneck for the project.
The technology behind it is still being developed and there is no guarantee that it will be ready for deployment by 2020.
The government is also planning to introduce new measures to tackle this issue.
The problem is that, while the Smart Network will be fully funded, the government still needs to find enough people to put it into practice.
This means that, for example,