Smart Management of Electricity and Information

Christoph Burger and Jens Weinmann

Chapter 4 in The Decentralized Energy Revolution, 2013, pp 87-130 from Palgrave Macmillan

Abstract: Abstract Under current regulatory practices, in many countries, including Germany, investments into the transmission and distribution grid are subject to a restrictive rate-of-return policy. Network operators are not compensated for any additional investment beyond the minimum standards, although making the grid more intelligent appears an imminent necessity to manage decentralized energy feed-ins based on small-scale renewable energy supply. Similarly, smart meters may suffer from the apparent drawback that the investment and operation costs for prototypical residential consumers exceed the expected benefits. If the future grid were smart and every household had a smart meter — effectively participating in active demand-side management — would the overall welfare effects legitimize the additional investments and a mass rollout of smart meters? In other words, are there positive network externalities associated with a smart electricity system?

Keywords: Wind Turbine; Wind Power; Heat Pump; Smart Grid; Smart Home (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-27070-2_5

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DOI: 10.1057/9781137270702_5

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