DocumentCode :
29262
Title :
Strategy as changing the rules of the game for the emerging smart grid
Author :
Cunningham, Scott W. ; Thissen, Wil
Author_Institution :
Delft Univ. of Technol., Delft, Netherlands
Volume :
42
Issue :
2
fYear :
2014
fDate :
Second Quarter 2014
Firstpage :
8
Lastpage :
9
Abstract :
EUROPEAN suppliers of electricity face a fundamental and unstoppable threat. The emergence of renewable, distributed electricity sources has reduced the market price of electricity. The price has fallen so low, in fact, that it may be impossible to operate existing generating plants in an economic manner. The erosion in the industry is deepest in those countries where renewable energy has been stimulated and diffused most broadly, such as Germany. Strategic decisions by major stakeholders in the power system about how to proceed from here can be seen as elements in a multi-actor game. And this indeed is a game of strategy.
Keywords :
power system economics; renewable energy sources; smart power grids; distributed electricity source; electricity market price; multiactor game; renewable energy source; smart grid; Companies; Economics; Electricity; Games; Regulators; Renewable energy sources; Smart grids;
fLanguage :
English
Journal_Title :
Engineering Management Review, IEEE
Publisher :
ieee
ISSN :
0360-8581
Type :
jour
DOI :
10.1109/EMR.2014.2314541
Filename :
6823802
Link To Document :
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