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Smart grids: impacts and challenges on energy sector

Author

Listed:
  • Albanese, Marina
  • Varlese, Monica

Abstract

Digitalization, driven by the transformative impact of digital technologies, plays a crucial role in the energy transition process. Advancements in these technologies are bringing about significant changes in how energy is generated, transmitted, and utilized. In particular, digital technologies enable modern smart grids to optimize energy management by integrating renewable energy sources more effectively. In this context, the paper explores the effects of smart grids on the energy transition, emphasizing their benefits and the key incentives that promote investment. Additionally, it reviews current trends in smart grid development across European countries, with a specific focus on Italy. The objective is to provide a comprehensive overview of the investments required to implement both existing and new smart grid projects.

Suggested Citation

  • Albanese, Marina & Varlese, Monica, 2024. "Smart grids: impacts and challenges on energy sector," MPRA Paper 121992, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:121992
    as

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    File URL: https://mpra.ub.uni-muenchen.de/121992/1/MPRA_paper_121992.pdf
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    References listed on IDEAS

    as
    1. Yvonne Vogt Gwerder & Nuno Carvalho Figueiredo & Patrícia Pereira da Silva, 2019. "Investing in Smart Grids: Assessing the Influence of Regulatory and Market Factors on Investment Level," The Energy Journal, , vol. 40(4), pages 25-44, July.
    2. Naim Hamdia Afgan, 2010. "Sustainability Paradigm: Intelligent Energy System," Sustainability, MDPI, vol. 2(12), pages 1-19, December.
    3. Pastore, Lorenzo Mario & Lo Basso, Gianluigi & Cristiani, Laura & de Santoli, Livio, 2022. "Rising targets to 55% GHG emissions reduction – The smart energy systems approach for improving the Italian energy strategy," Energy, Elsevier, vol. 259(C).
    4. Lamnatou, Chr. & Chemisana, D. & Cristofari, C., 2022. "Smart grids and smart technologies in relation to photovoltaics, storage systems, buildings and the environment," Renewable Energy, Elsevier, vol. 185(C), pages 1376-1391.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Energy sector; Transition energy; Digitalization; ICT; Smart grids.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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