DocumentCode
2888087
Title
The economics of the smart grid
Author
De Castro, Luciano ; Dutra, Joisa
fYear
2011
fDate
28-30 Sept. 2011
Firstpage
1294
Lastpage
1301
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Communication, Control, and Computing (Allerton), 2011 49th Annual Allerton Conference on
Conference_Location
Monticello, IL
Print_ISBN
978-1-4577-1817-5
Type
conf
DOI
10.1109/Allerton.2011.6120317
Filename
6120317
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