Singapore, 31 October 2019 – Utilities in Asia Pacific nations made significant improvements in the 2019 Smart Grid Index (SGI) rankings with an overall improvement by 10 percentage points from 2018. Improvements were most notable in areas of integration of Distributed Energy Resources (DER), security, and customer empowerment and satisfaction.
The SGI is the world’s first industry framework that measures and benchmarks grid smartness across 75 utilities from 35 countries.
Here are the key findings from the 2019 results:
Mr. Sim Kwong Mian, Chairman of the SP Engineering Council said: “We are greatly encouraged that within a short two years, almost one-third of the utilities benchmarked improved by more than 10 percentage points. We see utilities advancing to counter the potential impact of climate change and security threats, while meeting customer demands and expectations.”
A simple definition of a smart grid is an electricity network that integrates distributed energy resources and deploys technology to better serve customers. Distributed Energy Resources (DER) refer to energy technologies such as solar panels, energy storage systems, and electric cars and their charging points that can be connected to and respond to signals from the grid.
The SGI’s seven key dimensions are:
SP Group developed the SGI last year to advance its own grid development and encourage the sharing of best practices. The SGI benchmarking results identify best practices in smart grid development by utilities to enhance service offerings, save cost, and be more sustainable.
More information about the smart grid index can be found at https://www.spgroup.com.sg/whatwe-do/smart-grid-index.
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About SP Group
SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. More than 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also drives digital solutions to empower customers to manage their utilities, reduce consumption and save cost.
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