Economic and social challenges of smart grids

Authored by: Daniela Velte , Guillermo Gil Aguirrebeitia

Routledge Handbook of Energy Economics

Print publication date:  September  2019
Online publication date:  September  2019

Print ISBN: 9781138208254
eBook ISBN: 9781315459653
Adobe ISBN:


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This chapter discusses the present and expected future developments in the smart grid (SG) domain and links them to the economic and social challenges of the wider energy transition. It highlights the importance of interaction between the electricity sector with actors and devices beyond the traditional electricity business to provide flexibility to the system itself and a secure operating environment for new service providers and the world of decentralized energy production. After explaining the essential features for digitization on grid level and beyond, the chapter discusses the longer-term technical and market challenges.

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