Abstract
In this chapter we look at the future of electricity networks and markets. We look at the technological and economic changes related to the change from “dumb grids” to “smart grids.” We show how this technological change also changes the distribution environments into two-sided markets. We give a basic model of such two-sided electricity market. We discuss the ways this change necessitates new economic business models in distribution. We open the question of how this change to smart grid environments also relates to demand side management issues. New types of economic incentive-based contracts are necessitated. Also new types of incentive-based regulation schemes must be created.
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Kopsakangas-Savolainen, M., Svento, R. (2012). The Future of Electricity Markets. In: Modern Energy Markets. Green Energy and Technology. Springer, London. https://doi.org/10.1007/978-1-4471-2972-1_10
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DOI: https://doi.org/10.1007/978-1-4471-2972-1_10
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Online ISBN: 978-1-4471-2972-1
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