Smart-grid investments, regulation and organization

Per J. Agrell*, Peter Bogetoft, Misja Mikkers

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

59 Citations (Scopus)

Abstract

Grid infrastructure managers worldwide are facing demands for reinvestments in new assets with higher on-grid and off-grid functionality in order to meet new environmental targets. The roles of the current actors will change as the vertical interfaces between regulated and unregulated tasks become blurred. In this paper, we characterize some of the effects of new asset investments policy on the network tasks, assets and costs and contrast this with the assumptions of the current economic network regulation. To provide structure, we present a model of investment provision under regulation between a distribution system operator and a potential investor-generator. The results from the model confirm the hypothesis that network regulation should find a focal point, should integrate externalities in the performance assessment and should avoid wide delegation of contracting-billing for smart-grid investments.

Original languageEnglish
Pages (from-to)656-666
Number of pages11
JournalEnergy policy
Volume52
DOIs
Publication statusPublished - Jan 2013
Externally publishedYes

Keywords

  • Investments
  • Networks
  • Regulation
  • n/a OA procedure

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