Title :
The economics of the smart grid
Author :
De Castro, Luciano ; Dutra, Joisa
Abstract :
Smart Grid (SG) technologies may bring substantial advantages to society, but the required investments are also sizable. This paper establishes a framework for examining the issues related to the SG, and highlights some of the difficulties in establishing a mechanism for paying SG costs. In particular, we show that generators will lose profits as a direct effect of demand response initiatives, and most of the benefits of SG cannot be easily converted into payments.
Keywords :
power system economics; smart power grids; demand response initiatives; generators; smart grid economics; smart grid technologies; Companies; Electricity; Generators; Investments; Pricing; Reliability; Smart grids;
Conference_Titel :
Communication, Control, and Computing (Allerton), 2011 49th Annual Allerton Conference on
Conference_Location :
Monticello, IL
Print_ISBN :
978-1-4577-1817-5
DOI :
10.1109/Allerton.2011.6120317
