Promoting innovation in the electricity industry

L. Lynne Kiesling

doi:10.1111/j.1468-0270.2010.02000.x

Promoting innovation in the electricity industry

L. Lynne Kiesling^*

^*Corresponding author for this work

Paula M. Trienens Institute for Sustainability and Energy

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

Smart metering can bring significant benefits to electricity markets by allowing customers to reduce demand or increase supply when generation capacity is temporarily scarce. To reap the full efficiency and environmental benefits of this technology, regulators must allow price volatility and free entry into the market. The efficiency gains are enormous as both demand and supply will be affected by both temporary and longer-lasting price changes. Experiments have shown the value of this approach.

Original language	English (US)
Pages (from-to)	6-12
Number of pages	7
Journal	Economic Affairs
Volume	30
Issue number	2
DOIs	https://doi.org/10.1111/j.1468-0270.2010.02000.x
State	Published - Jun 1 2010

Keywords

Electricity markets
Smart metering
Utility regulation

ASJC Scopus subject areas

Geography, Planning and Development
Development
Aerospace Engineering

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10.1111/j.1468-0270.2010.02000.x

Cite this

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AB - Smart metering can bring significant benefits to electricity markets by allowing customers to reduce demand or increase supply when generation capacity is temporarily scarce. To reap the full efficiency and environmental benefits of this technology, regulators must allow price volatility and free entry into the market. The efficiency gains are enormous as both demand and supply will be affected by both temporary and longer-lasting price changes. Experiments have shown the value of this approach.

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KW - Utility regulation

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Promoting innovation in the electricity industry

Abstract

Keywords

ASJC Scopus subject areas

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