08-01-2014, 04:55 PM
The Changing Face Of Power Industry And Emerging Trends
Abstract
The first century of electrical networks powered incandescent lamps in our homes and motors in our factories. Now, in the second century, the large-scale electrification of air, sea, and land vehicles will undoubtedly transform the way electricity is generated, transmitted, dispatched, consumed once again. To cope with these new demands, a more flexible, reconfigurable, and information-intensive cyber and physical infrastructure at least at the distribution level if not throughout the entire system is necessary. While the extent and final shape of this paradigm shift in design and operation of modern power systems is still being a contemplated, fundamental expectation for the next generation of power systems have already emerged, and they point to a more customer-centric perspective. This paper discusses this gradually changing scenario through different time periods.