This paper appears in: Power and Energy Magazine, IEEE
Issue Date: January-February 2010
Volume: 8 Issue:1
On page(s): 18 - 28
Exciting yet challenging times lie ahead. The electrical power industry is undergoing rapid change. The rising cost of energy, the mass electrification of everyday life, and climate change are the major drivers that will determine the speed at which such transformations will occur. Regardless of how quickly various utilities embrace smart grid concepts, technologies, and systems, they all agree on the inevitability of this massive transformation. It is a move that will not only affect their business processes but also their organization and technologies.