Smart Regulation for Smart Grids

Leonardo Meeus, Marcelo Saguan, Jean-Michel Glachant () and Ronnie Belmans

No 2010/45, RSCAS Working Papers from European University Institute

Abstract: Climate change and security of supply policies are driving us towards a decarbonization of the electricity system. It is in this context that smart grids are being discussed. Electricity grids, and hence their regulatory frameworks, have a key role to play in facilitating this transformation of the electricity system. In this paper, we analyze what is expected from grids and what are the regulatory tools that could be used to align the incentives of grid companies and grid users with what is expected from them. We look at three empirical cases to see which regulatory tools have already been applied and find that smart grids need a coherent regulatory framework addressing grid services, grid technology innovation and grid user participation to the ongoing grid innovation. The paper concludes with what appears to be a smart regulation for smart grids.

Keywords: Regulation; innovation; electricity; grids; transmission; distribution (search for similar items in EconPapers)
Date: 2010-05-14
New Economics Papers: this item is included in nep-ene and nep-reg
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Citations: View citations in EconPapers (23)

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