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

Cédric Clastres ()
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Cédric Clastres: LEPII-EDDEN - équipe EDDEN - LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique

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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.

Keywords: Smart grid; Regulation; Investments (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00617702v1
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Citations: View citations in EconPapers (73)

Published in Energy Policy, 2011, 39 (9), pp.5399-5408. ⟨10.1016/j.enpol.2011.05.024⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00617702

DOI: 10.1016/j.enpol.2011.05.024

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