publication . Article . 2012

Creating a Smarter U.S. Electricity Grid

Paul L. Joskow;
Open Access
  • Published: 01 Jan 2012 Journal: Journal of Economic Perspectives, volume 26, pages 29-48 (issn: 0895-3309, Copyright policy)
  • Publisher: American Economic Association
Abstract
This paper focuses on efforts to build what policymakers call the "smart grid," involving 1) improved remote monitoring and automatic and remote control of facilities in high-voltage electricity transmission networks; 2) improved remote monitoring, two-way communications, and automatic and remote control of local distribution networks; and 3) installation of "smart" metering and associated communications capabilities on customer premises so that customers can receive real-time price information and/or take advantage of opportunities to contract with their retail supplier to manage the consumer's electricity demands remotely in response to wholesale prices and ne...
Subjects
free text keywords: Economics and Econometrics, Smart grid, Telecommunications, business.industry, business, Electric power transmission, Metering mode, Software deployment, Mains electricity, Economics, Network congestion, Remote control, law.invention, law, Marketing, Finance, Electricity, jel:L94, jel:L98, jel:Q41, jel:Q48
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