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Introduction

In: Broadband Networks, Smart Grids and Climate Change

Author

Listed:
  • Eli M. Noam

    (Columbia Institute for Tele-Information, Columbia Business School)

  • Lorenzo Maria Pupillo

    (Telecom Italia)

  • Johann J. Kranz

    (Georg-August-University Goettingen)

Abstract

For a long time, the electric energy industry was characterized by high market concentration, strong vertical integration, modest R&D expenditures, and low adoption rates of information and communications technologies (ICT). However, several factors have triggered substantial changes: liberalization, the scarcity of fossil resources, and environmental concerns. The signs of change are everywhere. Electricity is increasingly being generated by intermittent—and often distributed—renewable energy sources (RES); plug-in hybrid electric vehicles will serve as mobile energy storage facilities and provide balancing power; and people will share electricity peer-to-peer on web-based marketplaces; generation will no longer be determined by demand, rather demand will adjust itself to the current availability of electricity (Rifkin 2009).

Suggested Citation

  • Eli M. Noam & Lorenzo Maria Pupillo & Johann J. Kranz, 2013. "Introduction," Springer Books, in: Eli M. Noam & Lorenzo Maria Pupillo & Johann J. Kranz (ed.), Broadband Networks, Smart Grids and Climate Change, edition 127, chapter 0, pages 3-8, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4614-5266-9_1
    DOI: 10.1007/978-1-4614-5266-9_1
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