Quantification of benefits from smart grid use cases is more difficult than quantification of project costs. Identifying and assigning monetary value to all benefits realized is critical.
Several methodologies exist for economic evaluation of smart grid projects. However, these methodologies require customization and contextualization for use in India and developing countries.
Smart grid benefits flow to multiple stakeholders (utility, consumer, society, environment). Hence, decision-makers need to evaluate smart grid proposals through well-defined and consistent methodology.
The proposition is to have a one of a kind modular tool with simplified analysis and user friendly with review capabilities.
The online tool has been developed and is available for use by the Utilities.
Objective of CBA
Conduct holistic assessment of financial, environmental and social impact of the investments in utility modernization projects.
Strengthen project planning and evaluation - assess benefits under different use-cases and implementation scenarios.
