Abstract:Abstract:The regulation of network industries has undergone profound transformation in the past twenty years. The regulated industry is no longer the same, being exposed to new competitive dynamics having revolutionized their industrial framework, technology and interactions with users. There also have been fundamental changes in what regulation is feasible. In an "information society" a model devised in the 19th century to set prices for monopoly infrastructures such as bridges, roads and railways no longer c… Show more
“…Based on a literature review of related journal articles, categories for the socio-economic aspects include costs, consumers' perception, privacy, cybersecurity, and regulation that influence smart grid technologies and public acceptance [92]. Analysis revealed that majority of the literature addresses costs issues [96][97][98], cyber security [76,99,100], regulatory aspects [97,101,102], customer privacy [3,103,104], and consumers' perception [105][106][107]. Furthermore, it is recommended to acquire support from information science and engineering to devise methods for automated operational monitoring, assessment, control, and decision-making to meet social, economic and environmental needs [85].…”
Smart grids are robust, self-healing networks that allow bidirectional propagation of energy and information within the utility grid. This introduces a new type of energy user who consumes, produces, stores and shares energy with other grid users. Such a user is called a “prosumer.” Prosumers’ participation in the smart grid is critical for the sustainability and long-term efficiency of the energy sharing process. Thus, prosumer management has attracted increasing attention among researchers in recent years. This paper systematically examines the literature on prosumer community based smart grid by reviewing relevant literature published from 2009 to 2018 in reputed energy and technology journals. We specifically focus on two dimensions namely prosumer community groups and prosumer relationships. Based on the evaluated literature, we present eight propositions and thoroughly describe several future research directions.
“…Based on a literature review of related journal articles, categories for the socio-economic aspects include costs, consumers' perception, privacy, cybersecurity, and regulation that influence smart grid technologies and public acceptance [92]. Analysis revealed that majority of the literature addresses costs issues [96][97][98], cyber security [76,99,100], regulatory aspects [97,101,102], customer privacy [3,103,104], and consumers' perception [105][106][107]. Furthermore, it is recommended to acquire support from information science and engineering to devise methods for automated operational monitoring, assessment, control, and decision-making to meet social, economic and environmental needs [85].…”
Smart grids are robust, self-healing networks that allow bidirectional propagation of energy and information within the utility grid. This introduces a new type of energy user who consumes, produces, stores and shares energy with other grid users. Such a user is called a “prosumer.” Prosumers’ participation in the smart grid is critical for the sustainability and long-term efficiency of the energy sharing process. Thus, prosumer management has attracted increasing attention among researchers in recent years. This paper systematically examines the literature on prosumer community based smart grid by reviewing relevant literature published from 2009 to 2018 in reputed energy and technology journals. We specifically focus on two dimensions namely prosumer community groups and prosumer relationships. Based on the evaluated literature, we present eight propositions and thoroughly describe several future research directions.
“…Fourth, in a digitalized electricity sector, changes in technology occur faster than before and consumers become more heterogeneous. In these conditions, pursuing the protection of energy consumers and an efficient and sustainable organization of the sector gets more difficult and is likely to require a transformation in the way regulators approach their duties and arrange their activities (Glachant, 2012). New skills and competencies in ICT, big data and behavioural sciences are certainly a starting point, but are far from enough to manage raising complexity and uncertainty (CEER, 2019b).…”
Section: Challenges For the Organisation And Regulation Of The Sectormentioning
“…At the same time, post-reform structural changes and technological progress in the sector constantly require revisiting allocation of property rights, information asymmetry, and incentive properties of regulation in the sector (Glachant, 2012).…”
The regulatory and operating context of energy networks is dynamic and constantly evolving. Achieving a multitude of economic, environmental, social and policy objectives is a challenging task for the sector regulators. In 2010, the UK energy regulator Ofgem replaced its approach to energy network price control and incentive regulation with a Revenue-Incentive-Innovation-Output (RIIO-1) model. This paper reviews the incentive areas that influence the performance of the next version of the model (RIIO-2). Guided by the principals of regulatory economics and evidence in the literature, we discuss key aspects of the regulation model that be revised by the regulator. The lessons of experience from the RIIO models are also relevant for regulators in other countries and can inform their design of incentive regulation of energy networks.
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