Comprehensive Assessment of Smart Grids: Is There a Universal Approach?

Oleksii Lyulyov, Ihor Vakulenko, Tetyana Pimonenko, Aleksy Kwilinski, Henryk Dzwigol and Mariola Dzwigol-Barosz
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Ihor Vakulenko: Oleg Balatskyi Department of Management, Sumy State University, 40007 Sumy, Ukraine
Tetyana Pimonenko: Department of Marketing, Sumy State University, 40007 Sumy, Ukraine
Aleksy Kwilinski: Department of Marketing, Sumy State University, 40007 Sumy, Ukraine
Henryk Dzwigol: Department of Marketing, Sumy State University, 40007 Sumy, Ukraine
Mariola Dzwigol-Barosz: Department of Management and Logistics, Faculty of Organization and Management, Silesian University of Technology, 26–28 Roosevelt St, 41-800 Zabrze, Poland

Energies, 2021, vol. 14, issue 12, 1-26

Abstract: A comprehensive assessment of smart grids is critical for their development. Existing scientific research testifies to the urgency and complexity of the problem of implementing smart grids effectively, both in terms of a single project performance and from the standpoint of creating a local, and later global, energy system. The multidimensionality of smart grids makes it challenging to assess the effectiveness of their implementation. Difficulties in evaluation arise because it is challenging to consider technical, technological, economic, and other relevant aspects of smart grids’ development within a single evaluation system. There are currently a significant number of smart grid assessment systems. However, it remains debatable how systematically and comprehensively they measure the efficiency of a smart grid. This, in turn, raises the question of whether there is a universal evaluation system that integrally considers all the crucial components of smart grids and is suitable for evaluating smart grid projects of different content. This article analyzes the most well-known approaches to comprehensive assessment of smart grids according to the completeness of their coverage of smart grids’ most critical components. This paper identifies the essential areas for assessing smart grids according to the most cited and authoritative research and regulatory documents of the European Union. As a result, seven groups of indicators were identified. These groups of indicators are the basis for comparative analysis of the comprehensive assessment approaches of smart grids. The results of the study should help determine the appropriateness of applying a particular evaluation system. In addition, the analysis of existing evaluation systems allows the shaping of a universal approach to evaluating smart grids comprehensively and systematically.

Keywords: smart grid; efficiency; indicators; evaluation; system approach; comprehensive assessment systems (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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