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The socio-economic challenges of smart grids
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Connor, Peter and Fitch-Roy, Oscar (2019) The socio-economic challenges of smart grids. In: Pathways to a Smarter Power System. Elsevier Academic Press, pp. 397-413. ISBN 9780081025925
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Official URL: http://dx.doi.org/10.1016/B978-0-08-102592-5.00014...
Abstract
The creation of smarter electricity systems is driven by a number of social, political and economic imperatives. It is simultaneously enabled by and contributing to rapid technological change. Key socio-economic challenges include issues of policy and regulation, such as maintaining physical network infrastructure at a time when regulated revenues are dwindling. Fundamentally, however, an electricity system exists solely to serve a social function, and without the “engagement”—be it consent, buy-in, or active leadership—of the people who interact with the system, the barriers to smart grids are likely insurmountable. While “smarter” consumer responsiveness to prices and access to data about consumption patterns can reduce overall costs, real questions remain unanswered about the role of citizens and what they need what they want, and what they will permit.
Item Type: | Book Item | ||||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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Publisher: | Elsevier Academic Press | ||||||
ISBN: | 9780081025925 | ||||||
Book Title: | Pathways to a Smarter Power System | ||||||
Official Date: | 2019 | ||||||
Dates: |
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Page Range: | pp. 397-413 | ||||||
DOI: | 10.1016/B978-0-08-102592-5.00014-4 | ||||||
Status: | Not Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||
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