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The Smart Paradox : Stimulate the deployment of Smart grids with effective regulatory instruments

2014-05-01Journal article Restricted access
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dc.contributor.authorMarques, Vítor
dc.contributor.authorBento, Nuno
dc.contributor.authorCosta, Paulo Moisés
dc.date.accessioned2017-01-02T14:19:42Z
dc.date.available2017-01-02T14:19:42Z
dc.date.issued2014-05-01
dc.description.abstractThe concept of SG (Smart Grids) encompasses a set of technologies that raise the intelligence of the electrical networks, such as smart meters or instruments of communication, sensing and auto-correction of networks. Nevertheless, the cost is still an important obstacle for the transformation of the current electricity system into a smarter one. Regulation can have an important role in setting up a favorable framework that fosters investments. However, the novelty with SG is the disembodied character of the technology, which may change the incentives of the regulated network companies to invest, affecting the effectiveness of the regulatory instruments (“cost plus” or “price cap”). This paper demonstrates that the solution to this “Smart” paradox requires strong incentive regulation mechanisms able to stimulate the adoption of SG technologies. Moreover, the regulation should not jeopardize conventional investments that are unable to be substituted by SG. Thus, a combination of performance regulation and efficiency obligations may be necessary.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationMarques, V. M., Bento, N. & Costa, P. M. (2014). The "Smart Paradox": stimulate the deployment of smart grids with effective regulatory instruments. Energy. 69, 96-103pt_PT
dc.identifier.doihttps://doi.org/10.1016/j.energy.2014.01.007pt_PT
dc.identifier.issn0360-5442
dc.identifier.urihttp://hdl.handle.net/10400.19/3584
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherElsevierpt_PT
dc.relation.publisherversionhttp://www.sciencedirect.com/science/article/pii/S0360544214000140pt_PT
dc.subjectTechnological changept_PT
dc.subjectEconomics of regulationpt_PT
dc.subjectPrice-cappt_PT
dc.subjectCost-pluspt_PT
dc.subjectSmart gridspt_PT
dc.titleThe Smart Paradox : Stimulate the deployment of Smart grids with effective regulatory instrumentspt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage103pt_PT
oaire.citation.startPage96pt_PT
oaire.citation.titleEnergypt_PT
oaire.citation.volume69pt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT

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