Smart grids : Another step towards competition, energy security and climate change objectives
AbstractThe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by HAL in its series Post-Print with number halshs-00617702.
Date of creation: Sep 2011
Date of revision:
Publication status: Published, Energy Policy, 2011, 39, 9, 5399-5408
Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00617702/en/
Contact details of provider:
Web page: http://hal.archives-ouvertes.fr/
Smart grid ; Regulation ; Investments;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-16 (All new papers)
- NEP-ENE-2011-09-16 (Energy Economics)
- NEP-ENV-2011-09-16 (Environmental Economics)
- NEP-REG-2011-09-16 (Regulation)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wade, N.S. & Taylor, P.C. & Lang, P.D. & Jones, P.R., 2010. "Evaluating the benefits of an electrical energy storage system in a future smart grid," Energy Policy, Elsevier, vol. 38(11), pages 7180-7188, November.
- Joskow, Paul & Tirole, Jean, 2004.
"Merchant Transmission Investment,"
IDEI Working Papers
263, Institut d'Économie Industrielle (IDEI), Toulouse.
- Joskow, P. & Tirole, J., 2003. "Merchant Transmission Investment," Cambridge Working Papers in Economics 0324, Faculty of Economics, University of Cambridge.
- Paul Joskow & Jean Tirole, 2003. "Merchant Transmission Investment," Working Papers 0304, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Paul Joskow & Jean Tirole, 2003. "Merchant Transmission Investment," NBER Working Papers 9534, National Bureau of Economic Research, Inc.
- Glachant, Jean-Michel & Pignon, Virginie, 2005. "Nordic congestion's arrangement as a model for Europe? Physical constraints vs. economic incentives," Utilities Policy, Elsevier, vol. 13(2), pages 153-162, June.
- Chao, Hung-po, 2010. "Price-Responsive Demand Management for a Smart Grid World," The Electricity Journal, Elsevier, vol. 23(1), pages 7-20, January.
- Nair, Nirmal-Kumar C. & Zhang, Lixi, 2009. "SmartGrid: Future networks for New Zealand power systems incorporating distributed generation," Energy Policy, Elsevier, vol. 37(9), pages 3418-3427, September.
- Tarjei Kristiansen & Juan Rosellón, 2006. "A Merchant Mechanism for Electricity Transmission Expansion," Journal of Regulatory Economics, Springer, vol. 29(2), pages 167-193, 03.
- Orans, Ren & Woo, C.K. & Horii, Brian & Chait, Michele & DeBenedictis, Andrew, 2010. "Electricity Pricing for Conservation and Load Shifting," The Electricity Journal, Elsevier, vol. 23(3), pages 7-14, April.
- Leonardo Meeus & Marcelo Saguan & Jean-Michel Glachant & Ronnie Belmans, 2010. "Smart Regulation for Smart Grids," RSCAS Working Papers 2010/45, European University Institute.
- Moura, Pedro S. & de Almeida, Aníbal T., 2010. "The role of demand-side management in the grid integration of wind power," Applied Energy, Elsevier, vol. 87(8), pages 2581-2588, August.
- Doucet, Joseph & Littlechild, Stephen, 2009. "Negotiated settlements and the National Energy Board in Canada," Energy Policy, Elsevier, vol. 37(11), pages 4633-4644, November.
- Hirst, Eric & Cavanagh, Ralph & Miller, Peter, 1996. "The future of DSM in a restructured US electricity industry," Energy Policy, Elsevier, vol. 24(4), pages 303-315, April.
- Leautier, Thomas-Olivier, 2001. "Transmission Constraints and Imperfect Markets for Power," Journal of Regulatory Economics, Springer, vol. 19(1), pages 27-54, January.
- Michael G. Pollitt, 2008. "The Future of Electricity (and Gas) Regulation in a Low-carbon Policy World," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 63-94.
- Woo, Chi-Keung, 1990. "Efficient Electricity Pricing with Self-Rationing," Journal of Regulatory Economics, Springer, vol. 2(1), pages 69-81, March.
- Newborough, M. & Probert, S. D., 1990. "Intelligent automatic electrical-load management for networks of major domestic appliances," Applied Energy, Elsevier, vol. 37(2), pages 151-168.
- Lofaro, Andrea, 2002. "On the efficiency of Bertrand and Cournot competition under incomplete information," European Journal of Political Economy, Elsevier, vol. 18(3), pages 561-578, September.
- Coll-Mayor, Debora & Paget, Mia & Lightner, Eric, 2007. "Future intelligent power grids: Analysis of the vision in the European Union and the United States," Energy Policy, Elsevier, vol. 35(4), pages 2453-2465, April.
- Spulber, Daniel F, 1995. "Bertrand Competition When Rivals' Costs Are Unknown," Journal of Industrial Economics, Wiley Blackwell, vol. 43(1), pages 1-11, March.
- 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.
- 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.
- 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD).
If references are entirely missing, you can add them using this form.