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Promoting Innovation In The Electricity Industry

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  • L. Lynne Kiesling

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.

Suggested Citation

  • L. Lynne Kiesling, 2010. "Promoting Innovation In The Electricity Industry," Economic Affairs, Wiley Blackwell, vol. 30(2), pages 6-12, June.
    • Handle: RePEc:bla:ecaffa:v:30:y:2010:i:2:p:6-12
    DOI: 10.1111/j.1468-0270.2010.02000.x
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    References listed on IDEAS

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    1. Chassin, David P. & Kiesling, Lynne, 2008. "Decentralized Coordination through Digital Technology, Dynamic Pricing, and Customer-Driven Control: The GridWise Testbed Demonstration Project," The Electricity Journal, Elsevier, vol. 21(8), pages 51-59, October.
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    Cited by:

    1. Bhatt, Brijesh & Singh, Anoop, 2021. "Power sector reforms and technology adoption in the Indian electricity distribution sector," Energy, Elsevier, vol. 215(PA).
    2. Weiller, C. & Neely, A., 2014. "Using electric vehicles for energy services: Industry perspectives," Energy, Elsevier, vol. 77(C), pages 194-200.
    3. Carlo Stagnaro, 2016. "Concorrenza e innovazione nei mercati retail dell energia elettrica. Le prospettive dopo il Ddl Concorrenza 2015," Note di discussione - MISE Working Papers mise-1, MISE - Ministero dello Sviluppo Economico.
    4. Stagnaro, Carlo & Amenta, Carlo & Di Croce, Giulia & Lavecchia, Luciano, 2020. "Managing the liberalization of Italy's retail electricity market: A policy proposal☆," Energy Policy, Elsevier, vol. 137(C).
    5. Carlo Stagnaro, 2017. "Competition and Innovation in Retail Electricity Markets: Evidence from Italy," Economic Affairs, Wiley Blackwell, vol. 37(1), pages 85-101, February.
    6. Christoph M. Flath & Sebastian Gottwalt, 2016. "Price-based load coordination revisited: augmenting open-loop coordination approaches," Business Research, Springer;German Academic Association for Business Research, vol. 9(1), pages 157-178, April.

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