Introduction

Eli M. Noam (enoam2@yahoo.com), Lorenzo Maria Pupillo (lorenzo.pupillo@telecomitalia.it) and Johann J. Kranz (jkranz@uni-goettingen.de)
Additional contact information
Eli M. Noam: Columbia Institute for Tele-Information, Columbia Business School
Lorenzo Maria Pupillo: Telecom Italia
Johann J. Kranz: Georg-August-University Goettingen

Chapter Chapter 1 in Broadband Networks, Smart Grids and Climate Change, 2013, pp 3-8 from Springer

Abstract: Abstract For a long time, the electric energy industry was characterized by high market concentration, strong vertical integration, modest R&D expenditures, and low adoption rates of information and communications technologies (ICT). However, several factors have triggered substantial changes: liberalization, the scarcity of fossil resources, and environmental concerns. The signs of change are everywhere. Electricity is increasingly being generated by intermittent—and often distributed—renewable energy sources (RES); plug-in hybrid electric vehicles will serve as mobile energy storage facilities and provide balancing power; and people will share electricity peer-to-peer on web-based marketplaces; generation will no longer be determined by demand, rather demand will adjust itself to the current availability of electricity (Rifkin 2009).

Keywords: Smart Grid; Broadband Network; Federal Energy Regulatory Commission; Smart Grid Application; Digital Agendum (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4614-5266-9_1

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DOI: 10.1007/978-1-4614-5266-9_1

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