Smart grid technology is to cost £27 billion just to develop and deploy, with sticking to conventional technology and upgrading Britain's electricity infrastructure from now until 2050 costing £19 billion more. These predictions are the findings of the major piece of research commissioned by Britain's smart grid industry but written by financial experts Ernst and Young, who conclude that Britain might see major economic, carbon reduction benefits being brought about by the development of the smart grid. It has been warned that the UK has a "decreasing time window" to become a world leader in smart grid technology due competition from abroad. Smart ... Full Story

