The role of smart metering and decentralized electricity storage for smart grids: The importance of positive externalities

Römer, Benedikt; Reichhart, Philipp; Kranz, Johann; Picot, Arnold

doi:10.1016/j.enpol.2012.07.047

Cited by 106 publications

(38 citation statements)

References 33 publications

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“…Few studies have employed a design-oriented approach to develop IS artifacts that actually have an impact on environmental sustainability. A particularly striking result of our review is the monothematic focus on energy consumption of most smart energy research published in IS journals, while in other outlets we find a number of studies on ICT's role in smart energy, addressing issues related to energy generation, transmission, storage, and consumption (e.g., Kranz and Picot 2011b;Catulli and Fryer 2012;Römer, Reichhart, Kranz, and Picot 2012;Gorsevski et al 2013;Wunderlich et al 2013;Schmidt, Eisel, and Kolbe 2014).…”

Section: Where Do We Stand?mentioning

confidence: 98%

Smart energy: where do we stand and where should we go?

et al. 2015

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Section: Where Do We Stand?mentioning

confidence: 98%

Smart energy: where do we stand and where should we go?

et al. 2015

Self Cite

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“…Smart-grid technologies can either smooth loads or provide storage services that can help reduce the costs associated with these issues (Denholm and Hand, 2011;Römer et al, 2012;Boisvert and Neenan, 2003). Finally, implementation of RTP or dynamic pricing regimes can provide a short-term benefit to utilities from eliminating the need to purchase power from the high-cost generators, boosting profitability.…”

Section: Potential Benefits To Distributors and Utilitiesmentioning

confidence: 99%

“…Interestingly, it has been suggested that smart-grid technology will enable the decentralization of the power-generation process (Römer et al, 2012;Resnick Institute, 2012). Renewable technologies, such as wind and solar photovoltaic (PV), generated at a local (i.e., commercial building or household) level can provide a substitute supply for consumers, thus decreasing centralized-grid demand, as well as provide additional sources of generation capacity when the weather cooperates.…”

Section: Potential Benefits To Generators and Suppliersmentioning

confidence: 99%

“…For producers, the quantity information can be used to increase efficiency in transmission and distribution by theoretically increasing delivery efficiency through improved load-management predictions at a technical level and by reducing the transaction costs in billing through automated metering (Joskow, 2012;Römer et al, 2012).…”

Section: Potential Benefits To Distributors and Utilitiesmentioning

confidence: 99%

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The Adoption of New Smart-Grid Technologies: Incentives, Outcomes, and Opportunities

Guo¹,

Bond²,

Narayanan³

2015

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This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited. Permission is given to duplicate this document for personal use only, as long as it is unaltered and complete. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial use. For information on reprint and linking permissions, please visit www.rand.org/pubs/permissions.html.The RAND Corporation is a research organization that develops solutions to public policy challenges to help make communities throughout the world safer and more secure, healthier and more prosperous. RAND is nonprofit, nonpartisan, and committed to the public interest.RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.Support RAND Make a tax-deductible charitable contribution at www.rand.org/giving/contribute www.rand.org For more information on this publication, visit www.rand.org/t/rr717Published by the RAND Corporation, Santa Monica, Calif. © Copyright 2015 RAND CorporationR® is a registered trademark. Cover image: cherezoff/Fotoliaiii Preface New technologies have created significant opportunities for electric-grid modernization that will allow for enhanced communications between transmission and distribution operators and consumers. This communication layer, its associated enabling technologies, and the infrastructure necessary to deliver electricity are collectively known as the smart grid. A fully functional smart grid has been estimated to bring large net benefits to society through the ability to more efficiently manage transmission, distribution, and consumption of electricity, as well as incorporate and integrate intermittent renewable-resource fuels and distributed-generation technologies. However, some evidence suggests that either the net benefits have been overestimated or incentives are not aligned for current utilities and customers to fully modernize the grid.This report reviews the current status of smart-grid development, including some entrepreneurship opportunities and the barriers to achieving a fully modernized grid. We identify some recommendations to help overcome these barriers and detail the policy levers available to regulators under the incumbent regulatory system to incent (or discourage) adoption.This research was sponsored by the Kauffman-RAND Institute for Entrepreneurship Public Policy (KRI), housed within the RAND Institute for Civil Justice. KRI is dedicated to assessing and improving legal and regulatory policymaking as it relates to small businesses and entrepreneurship in a wide range of settings, including health care and civil justice.The intended audience for this report includes electricity industry professionals, consumers of electricity, researchers, and policymakers who help shape the environment in which the electric market operates. The report should be of interest to any ...

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“…These systems are suitable for distributed generation concepts and offer customers an option of increasing energy efficiency while simultaneously reducing costs. Companies with access to residential energy consumption data could promote and offer custom-tailored home generation and storage solutions [26,30].…”

Section: Promotion Of Alternative Energy Sourcesmentioning

confidence: 99%

Application-oriented modelling of domestic energy demand

Gruber

Jahromizadeh

Prodanović

et al. 2014

International Journal of Electrical Power & Energy Systems

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This is the accepted version of the paper.This version of the publication may differ from the final published version. Permanent repository link AbstractDetailed residential energy consumption data can be used to offer advanced services and provide new business opportunities to all participants in the energy supply chain, including utilities, distributors and customers. The increasing interest in the residential consumption data is behind the roll-out of smart meters in large areas and led to intensified research efforts in new data acquisition technologies for the energy sector. This paper introduces a novel model for generation of residential energy consumption profiles based on the energy demand contribution of each household appliance and calculated by using a probabilistic approach. The model takes into consideration a wide range of household appliances and its modular structure provides a high degree of flexibility. Residential consumption data generated by the proposed model are suitable for development of new services and applications such as residential real-time pricing schemes or tools for energy demand prediction. To demonstrate the main features of the model, an individual household consumption was created and the effects of a possible change in the user behaviour and the appliance configuration presented. In order to show the flexibility offered in creation of the aggregated demand, the detailed simulation results of an energy demand management algorithm applied to an aggregated user group are used.

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The role of smart metering and decentralized electricity storage for smart grids: The importance of positive externalities

Cited by 106 publications

References 33 publications

Smart energy: where do we stand and where should we go?

Smart energy: where do we stand and where should we go?

The Adoption of New Smart-Grid Technologies: Incentives, Outcomes, and Opportunities

Application-oriented modelling of domestic energy demand

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