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
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...
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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