The Effect of Smart Grid Technology on Energy Consumption Management in Canada

Purpose: The aim of the study was to evaluate the effect of smart grid technology on energy consumption management in Canada. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: Smart grid technology has significantly enhanced energy consumption management in Canada. By integrating advanced metering infrastructure and real-time data analytics, smart grids optimize energy distribution, reduce peak demand, and enhance grid reliability. This technology enables better demand-response programs and promotes renewable energy integration, leading to more efficient energy use and reduced environmental impact. Unique Contribution to Theory, Practice and Policy: Diffusion of innovations theory, technology acceptance model (TAM) & the theory of planned behavior (TPB) may be used to anchor future studies on the effect of smart grid technology on energy consumption management in Canada. Smart grid technology enables more efficient energy usage by providing consumers with real-time data and insights into their consumption patterns. The vast amounts of data generated by smart grids necessitate robust policies to protect consumer privacy and ensure data security. Policymakers should establish clear regulations governing the collection, storage, and use of smart grid data.