The economics of the smart grid

Luciano De Castro; Joisa Dutra

doi:10.1109/Allerton.2011.6120317

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Conference proceeding

The economics of the smart grid

Luciano De Castro and Joisa Dutra

2011 49th Annual Allerton Conference on Communication, Control, and Computing (Allerton), pp.1294-1301

09/2011

DOI: 10.1109/Allerton.2011.6120317

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http://hdl.handle.net/10419/59614View

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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.

Companies

Electricity

Generators

Investments

Pricing

Reliability

Smart grids

Details

Title: Subtitle: The economics of the smart grid
Creators: Luciano De Castro - Northwestern University
Joisa Dutra - Fundação Getulio Vargas
Resource Type: Conference proceeding
Publication Details: 2011 49th Annual Allerton Conference on Communication, Control, and Computing (Allerton), pp.1294-1301
DOI: 10.1109/Allerton.2011.6120317
Publisher: IEEE
Language: English
Date published: 09/2011
Academic Unit: Economics
Record Identifier: 9984380389002771

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