The grid intelligent planning framework: Planning electric utility investments in a time of accelerating change

Abstract

Over the next ten years, electric power utilities will be required to invest billions of dollars to meet public policy goals for a greener, smarter electricity grid. Renewable generation portfolio standards, electric vehicle infrastructure, advanced metering infrastructure, and the replacement of aging grid assets are some of the factors driving these new investments. The Grid Intelligent Planning Framework using GridLAB-D is an advanced forecasting solution that allows utility business and engineering experts to collaborate on forecasting models, and thereby to reduce the time needed for a capital investment planning cycle. This solution facilitates wise and timely investment decisions as the pace of change accelerates in the electric power industry. © 2011 Springer-Verlag.