Cost-Benefit Estimation of the Smart Grid Development for the Russian Unified Power System

Veselov Fedor () and Fedosova Alina ()
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Veselov Fedor: National Research University Higher School of Economics
Fedosova Alina: National Research University Higher School of Economics

HSE Working papers from National Research University Higher School of Economics

Abstract: The paper is devoted to the issue of smart power system cost-benefit analysis. The innovative character of smart grids is defined and related obstacles for traditional cost-benefit assessment are revealed, primarily referred to external effects evaluation. Brief systematization of existing methods of smart grids assessment is provided and their weak points are defined. A new Smart Grid cost-benefit assessment approach is presented, basing on the elaborated comprehensive system of smart power system effects. The approach is tested for the system effects of smart power system implementation in the Russian Unified Energy System, quantitative results are presented.

Keywords: smart grid; economic efficiency; cost-benefit analysis; prosumer (search for similar items in EconPapers)
JEL-codes: L94 O22 Q47 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2015
New Economics Papers: this item is included in nep-cis, nep-ene and nep-tra
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Published in WP BRP Series: Science, Technology and Innovation / STI, November 2015, pages 1-30

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Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:49sti2015

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