Promoting Innovation in the Electricity Industry
7 Pages Posted: 8 Jun 2010
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: Suggested Citation
Kiesling, L. Lynne, Promoting Innovation in the Electricity Industry. Economic Affairs, Vol. 30, Issue 2, pp. 6-12, June 2010, Available at SSRN: https://ssrn.com/abstract=1621973 or http://dx.doi.org/10.1111/j.1468-0270.2010.02000.x
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.