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Smart grids : Another step towards competition, energy security and climate change objectives

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  • Cédric Clastres

    ()
    (LEPII - Laboratoire d'Économie de la Production et de l'Intégration Internationale - CNRS : FRE3389 - Université Pierre Mendès-France - Grenoble II)

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    Abstract

    The deployment of smart grids in electricity systems has given rise to much interdisciplinary research. The new technology is seen as an additional instrument available to States to achieve targets for promoting competition, increasing the safety of electricity systems and combating climate change. But the boom in smart grids also raises many economic questions. Public policies will need to be adapted, firstly to make allowance for the potential gains from smart grids and the associated information flow, and secondly to regulate the new networks and act as an incentive for investors. The new competitive offerings and end-user pricing systems will contribute to improving allocative and productive efficiency, while minimizing the risks of market power. With real-time data on output and consumption, generators and consumers will be able to adapt to market conditions. Lastly smart grids will boost the development of renewable energy sources and new technologies, by assisting their integration and optimal use.

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    File URL: http://halshs.archives-ouvertes.fr/docs/00/61/77/02/PDF/CR2_CC_Smart-Grids_EnerPol_2011.pdf
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    Bibliographic Info

    Paper provided by HAL in its series Post-Print with number halshs-00617702.

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    Date of creation: Sep 2011
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    Publication status: Published, Energy Policy, 2011, 39, 9, 5399-5408
    Handle: RePEc:hal:journl:halshs-00617702

    Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00617702/en/
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    Keywords: Smart grid ; Regulation ; Investments;

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    Cited by:
    1. Christine Brandstätt & Gert Brunekreeft & Nele Friedrichsen, 2013. "The need for more flexibility in the regulation of smart grids – Stakeholder involvement," Bremen Energy Working Papers 0013, Bremer Energie Institut.
    2. Yanshan Yu & Jin Yang & Bin Chen, 2012. "The Smart Grids in China—A Review," Energies, MDPI, Open Access Journal, vol. 5(5), pages 1321-1338, May.
    3. Lin, Chen-Chun & Yang, Chia-Han & Shyua, Joseph Z., 2013. "A comparison of innovation policy in the smart grid industry across the pacific: China and the USA," Energy Policy, Elsevier, vol. 57(C), pages 119-132.

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