Saying there are a "host of initiatives across Europe" focusing on one day installing smart grids, Setters' article announces that "dramatic change is coming" to the European grid. He describes how the EDP is working on InovGrid, a project that combines the communication abilities of a smart grid with micro-generation, and how Iberdrole is busy with "a new open, public and non-proprietary telecom architecture to support not only smart metering functionality but also to progress towards the electricity networks of the future." Now, that's a good idea.
There are also initiatives coming in Ireland and from companies ZigBee, Pepco, Gazprom, Siemens and eMeter about the smart grid in Europe. Someone's going to have to spend time and money on this, as the International Energy Agency (IEA) estimated that over $16 trillion (U.S.) will be spent around the world between 2003 and 2030 on designing, building and installing smart grids.