The Economic Benefits of Smart Grids and the Role of Communications

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Executive Summary

Recent concerns with the global economy have raised questions about what people might be prepared to give up in response to tougher economic times. While many familiar items may be considered, it is unlikely that electricity would be included or even contemplated in most cases. Of the many 'important' items essential to daily existence, few would come close to the fundamentally critical position that electricity occupies. It is so pervasive and still relatively cheap that it almost passes unnoticed, that is until something goes wrong or one is faced with significant price hikes.

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