Nantucket residents pay uncommonly high electricity rates because delivery of electricity to the island is costly and demand for it fluctuates widely by season. Accordingly, the goal of this report is to assess the feasibility of various smart grid scenarios and conservation initiatives that could reduce the cost and consumption of electricity island-wide. Based on our analysis of the associated benefits and costs, we concluded that a smart grid could conservatively save island residents up to $500,000 annually, and pay for itself in only five years. Understanding the pattern of use on Nantucket and the potential of smart grids, we recommend seeking further consultation
