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Paying for the smart grid

  • De Castro, Luciano
  • Dutra, Joisa
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    Smart grid technologies may bring substantial advantages to society, but the required investments are sizable. This paper analyzes three main issues related to smart grids: reliability, demand response and cost recovery of investments. In particular, we show that generators will lose profits as a direct effect of demand response initiatives, and most of the benefits of smart grids cannot be easily converted into payments. Moreover, there are potential issues in the choices made by utilities for providing smart grids, and the reliability pertinent to smart grids is a kind of public good.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0140988313002119
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    Article provided by Elsevier in its journal Energy Economics.

    Volume (Year): 40 (2013)
    Issue (Month): S1 ()
    Pages: S74-S84

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    Handle: RePEc:eee:eneeco:v:40:y:2013:i:s1:p:s74-s84
    Contact details of provider: Web page: http://www.elsevier.com/locate/eneco

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    1. Stephen P. Holland & Erin T. Mansur, 2007. "Is Real-Time Pricing Green? The Environmental Impacts of Electricity Demand Variance," NBER Working Papers 13508, National Bureau of Economic Research, Inc.
    2. repec:rje:randje:v:37:y:2006:i:4:p:799-815 is not listed on IDEAS
    3. Severin Borenstein & Stephen P. Holland, 2003. "On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices," NBER Working Papers 9922, National Bureau of Economic Research, Inc.
    4. Joskow, P. & Tirole, J., 2004. "Reliability and Competitive Electricity Markets," Cambridge Working Papers in Economics 0450, Faculty of Economics, University of Cambridge.
    5. Paul Joskow & Jean Tirole, 2004. "Retail Electricity Competition," Working Papers 0409, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
    6. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, March.
    7. Severin Borenstein, 2012. "Effective and Equitable Adoption of Opt-In Residential Dynamic Electricity Pricing," NBER Working Papers 18037, National Bureau of Economic Research, Inc.
    8. Ahmad Faruqui & Sanem Sergici, 2010. "Household response to dynamic pricing of electricity: a survey of 15 experiments," Journal of Regulatory Economics, Springer, vol. 38(2), pages 193-225, October.
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