Smart grids: impacts and challenges on energy sector

Marina Albanese and Monica Varlese

MPRA Paper from University Library of Munich, Germany

Abstract: Digitalization, driven by the transformative impact of digital technologies, plays a crucial role in the energy transition process. Advancements in these technologies are bringing about significant changes in how energy is generated, transmitted, and utilized. In particular, digital technologies enable modern smart grids to optimize energy management by integrating renewable energy sources more effectively. In this context, the paper explores the effects of smart grids on the energy transition, emphasizing their benefits and the key incentives that promote investment. Additionally, it reviews current trends in smart grid development across European countries, with a specific focus on Italy. The objective is to provide a comprehensive overview of the investments required to implement both existing and new smart grid projects.

Keywords: Energy sector; Transition energy; Digitalization; ICT; Smart grids. (search for similar items in EconPapers)
JEL-codes: O13 O33 P28 P48 Q01 Q43 Q55 Q56 (search for similar items in EconPapers)
Date: 2024-09-11
New Economics Papers: this item is included in nep-ene, nep-env, nep-ict and nep-ppm
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