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Low Carbon Economy and Smart Grids (Chapter 14)

Author

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  • Cédric Clastres

    (GAEL - Laboratoire d'Economie Appliquée de Grenoble - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - INRA - Institut National de la Recherche Agronomique - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019])

  • Patrice Geoffron

Abstract

Smart grids deployment is ongoing, providing data electricity system needs to achieve efficiency and environmental goals. This process also relies on specific regulation schemes and depends on technology adoption by consumers and on incentives for the flexibility efforts. Currently, regulation internalizes part or the overall risk of smart grids investments, future returns on investment being highly uncertain. Energy suppliers must create trust relationships with customer as to strengthen their technology acceptance and, thus, their involvement in demand response. Finally, market designs have to reward demand response and energy conservation behaviors, preserving incentives for consumers to adopt them.

Suggested Citation

  • Cédric Clastres & Patrice Geoffron, 2019. "Low Carbon Economy and Smart Grids (Chapter 14)," Post-Print hal-02328667, HAL.
    • Handle: RePEc:hal:journl:hal-02328667
    DOI: 10.4324/9781315459653
    as

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