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The Economics of the Smart Grid

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  • Luciano De Castro
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    Abstract

    Smart Grid (SG) technologies may bring substantial advantages to society, but the required investments are also sizable. This paper establishes a framework for examining the issues related to the SG, and highlights some of the difficulties in establishing a mechanism for paying SG costs. In particular, we show that generators will lose profits as a direct effect of demand response initiatives, and most of the benefits of SG cannot be easily converted into payments. JEL Code: D61,H42, D62,L51

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    Paper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number 1544.

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    Date of creation: 01 Oct 2011
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    Handle: RePEc:nwu:cmsems:1544

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    Related research

    Keywords: Smart Grid; Energy Economics; Cost-Benefit Analysis; Demand Response; Demand Response Formalization;

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    1. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, September.
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