Promoting innovation in the electricity industry

L. Lynne Kiesling*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-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 languageEnglish (US)
Pages (from-to)6-12
Number of pages7
JournalEconomic Affairs
Volume30
Issue number2
DOIs
StatePublished - 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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