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Lessons Learned from an Operational Smart Grid Through the Example of a Local Government in Hungary

Author

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  • Piricz, Noémi
  • Révész, Balázs

Abstract

The steadily growing global demand for electricity, sustainability expectations, the global covid epidemic and the Russian-ukrainian war are also affecting the electricity supply chain. In our study we will focus on the smart grid, the modern smart electricity network of the near future, from a Hungarian perspective, with management approach. Hungary’s newest and most complex smart grid is analysed using the case study method. We investigated the actors of the smart grid and were interested in how the cooperation between the parties was, what learning processes they experienced, and what risks they saw and see now. our results show that customers and contractors are mutually satisfied; in addition to the numerical benefits, each party also values the learning processes in different areas. The risks identified stem from modern technology, complexity, novel solutions and operational mechanisms, but geopolitical, global economic uncertainties and shortages also have an impact.

Suggested Citation

  • Piricz, Noémi & Révész, Balázs, 2022. "Lessons Learned from an Operational Smart Grid Through the Example of a Local Government in Hungary," Public Finance Quarterly, Corvinus University of Budapest, vol. 67(3), pages 496-412.
    • Handle: RePEc:pfq:journl:v:67:y:2022:i:3:p:496-412
    DOI: https://doi.org/10.35551/PFQ_2022_3_5
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    More about this item

    Keywords

    smart Grid; Management of Technological Innovation and R&D; Technological change: choices and consequences; Alternative Energy sources;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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