Electricity and smart grid technology lynne kiesling. You will learn what the smart grid is and what it is not. With the light bulb revolution and the promise of the electric motor, demand for electric power exploded, sparking the rapid development of an effective distribution system. Possible business models for the distribution company include an integrated utility, a network manager, or a coordinating platform provider. Some of the work in this research project occurred while lynne kiesling was a visiting. The department of energys electricity advisory committee held a meeting on wednesday, june 1, and thursday, june 2, 2016 at the national rural electric cooperative association, 4301 wilson blvd.
Illinois smart grid initiative final report knowledge. How regulation affects technological change in the electric power industry studies in emergent order, vol. In this sense transactive smart grid technologies are enabling the development of an increasingly dynamic complex adaptive system due to the coordinated, and often autonomous, responses of heterogeneous individual producers and consumers. Institutional theory for a platform model in an historically regulated industry lynne kiesling associate professor of instruction department of economics northwestern university may 2016. Innovationfocused critiques of neoclassical regulation. A softwaredefined grid managed via marketbased incentives to ensure grid reliability and resiliency. In this sense transactive smart grid technologies are enabling the development of an increasingly dynamic complex adaptive system due to the.
Participants will gain insight into and provide feedback on nist s draft framework and roadmap of smart grid interoperability standards, release 4. Pdf smart loads and smart gridscreating the smart grid. Eei eforum on february 24, eei is hosting an eforum on the topic of using the smart grid. Commercialization of electric power began early in the 21th century. Lynne kiesling, erich gunther and mia paget will be leading an interactive session at the federal energy management programs energy 2006 expo to inform and engage federal facility managers in gridwise architecture interoperability efforts.
Lynne kiesling will be a panel participant in a meeting on march 8 9, 2007 on energy. Grid unlocked understanding and connecting smart meters, smart grids, and smart markets. Intro to freescale in smart grids energy metering technology and solution trends an effective metering system on chip based solutions enablement summary designing smart meters for the smart grid 1. Recent innovations in smart grid and distributed energy technologies, innovations in solar industry financial and business models, and utility concerns about their financial viability in the face of such innovations, motivate our analysis of the regulatory institutions and their features that may be conducive to lower barriers to innovation in electricity. Presentation to the harvard electricity policy group fiftyfourth. Testimony in response to california public utility commission white paper on capacity markets, september 2005. Value proposition of a smart grid for end users panel moderated by lynne kiesling. You will get a feel for the issues surrounding it, the challenges ahead, the countless opportunities it presents and the benefits we all stand to gain. This list scratches the surface, and your list probably differs from mine. Empowering consumers through a modern electric grid. This is done with software applications that use economic signals and operational. Electricity regulation, competition, technology lynne.
The connected home and an electricitymarket platform for the. When lynne kiesling of northwestern university explains the benefits of smart grid technology to legislators and regulators, she always makes the point that the intersection of technology and economics is where all the smart grid benefits arise. Cera week and smart grid thought leadership energy central. An analysis of electricity capacity markets in california. Achieving decentralized coordination in the electric utility industry. Implications of smart grid innovation for organizational models in electricity distribution chapter pdf available august 2016 with 378 reads how we measure reads. Implications of smart grid innovation for organizational models in electricity distribution lynne kiesling associate professor of instruction. Smart grid is referred to by other names including smart electric grid, smart power grid, intelligrid, and future grid 1. Grid unlocked understanding and connecting smart meters. Smart grid application of digital communication technology throughout value chain selfhealing automated. The case of residential rooftop solar, annual proceedings of the wealth and wellbeing of nations upton forum, beloit college, forthcoming joint with mark. Implications of smart grid innovation for organizational models in.
Implications of smart grid innovation for organizational models in electricity. Lynne kiesling is an associate professor of instruction in the department of. Implications of smart grid innovation for organizational models in electricity distribution. Pdf while the core operations of the grid attract the most smart grid attention, the most important. The illinois smart grid initiative isgi process was coordinated by greg busch for the center for neighborhood technology. Forthcoming, wiley handbook of smart grid development. Last week the environmental defense fund released a new report on grid modernization, grid modernization. Monty simus and jamie workman believe that a truly smart grid must be a transactive grid, unshackled from its current status as a socalled natural. Transactiveenergy california public utilities commission.
This cited by count includes citations to the following articles in scholar. One small device that fulfills many roles, substituting for several. In january 2010 the incisive katie fehrenbacher pronounced 2010 the year in which the consumer would be the king of home energy management, and this pronouncement has not come to fruition. Institutional theory for a platform model in an historically regulated industry lynne kiesling associate professor of instruction department of economics northwestern university may 2016 for discussion only. Institutional theory for a platform model in an historically regulated industry lynne kiesling associate professor of instruction department of economics northwestern university june 2016 for discussion only. Lynne kiesling, senior lecturer in the department of economics at northwestern university, was the guest speaker at the economic roundtable luncheon on monday, january 31 st. Lynne kiesling is an economist, writer, and professor who focuses on markets. Her research in transactive energy uses transaction cost economics to examine the interaction of market design and technology in the development of retail markets, products and services and the economics of smart grid technologies. Implications of smart grid innovation for organizational models in electricity distribution, wiley handbook of smart grid development, 2016.
Feb 28, 2015 this chapter uses the technological and organizational history of the industry, combined with the transactions cost theory of the firm and of vertical integration, to explore the implications of smart grid technologies for future distribution company business models. Innovation and promoting innovation in regulation in. One of the reasons why smart grid is generating so much interest right now is its ability to enable the integration of renewable energy into the electric power network, leading to a broader generation portfolio and potentially beneficial carbon implications. A smart grid is an electricity network that can intelli gently integrate the actions of all users connected to it generators, consumers and those that do bothin order. Electricity advisory committee meeting presentations june. Transactional energy market information exchange temix. Their combined citations are counted only for the first article. The emp group provides technical assistance on smart grid related topics to regulators and policymakers.
The purpose of this book is to give readers in plain language a fix on the current position of the smart grid and its adoption. Explaining the rise in antebellum pauperism, 18501860. Implications of smart grid innovation for organizational. Because call it what you would like, the smart grid is moving forward and thats a good thing. Kiesling, an expert on the analysis of electric power market design, spoke on promoting innovation in the electricity industry by moving toward smart grid technology.
Illinois smart grid initiative final report energy central. Illinois smart grid initiative final report, april 2009. Smart grid 101 electricity markets and policy group. This group brings together the best thinkers on energy and climate. Lynne kiesling focuses on research in transactive energy uses transaction cost economics to examine regulatory policy, market design, technology in the development of retail markets, products and services and the economics of smart grid technologies in the electricity industry. Smart grid technologies reduce transactions costs, changing economical firm boundaries and reducing the traditional drivers of vertical integration. Grid services rate design for decentralized electricity markets. Advances in smart grid utility practices panel moderated by joe bucciero. Lynne kiesling is a visiting associate professor and associate director at purdue university research center in economics at purdue university, west lafayette, indiana.
Implications for smart grid lynne kiesling northwestern university irle 2014. Lynne kiesling property and environment research center. Presentation to the harvard electricity policy group fiftyfourth plenary session. Innovation and promoting innovation in regulation in the. Kiesling s research examines the interaction of market design and innovation in the development of retail markets, products, and services, and the economics of smart grid. Her areas of expertise include policy analysis, energy policy and digital energy technology policy. Gwac meeting minutes september 12, 2007 austin, tx. Eei eforum on february 24, eei is hosting an eforum on the topic of using the smart grid to bring clean technologies. The case for transactional energy is ably made by lynne kiesling, smart policies for a smart grid. Lynne kiesling is involved in the planning of gridecon with is organized by clasma. Selected conference and seminar presentations incumbent vertical market power, experimentation, and institutional design in the deregulating electricity industry. On thursday evening, gridwise applied awards were presented during the dinner gala. Illinois smart grid initiative final report knowledge problem. Interoperability and regulatorypolicy issues panel moderated by alison silverstein.
Lynne kiesling i think the past 18 months have been disappointing for consumercentric smart grid proponents and companies. Lynne, implications of smart grid innovation for organizational models in electricity distribution february 27, 2015. Lynne kiesling is a visiting associate professor in the department of engineering and public policy at carnegie mellon university. Sep 11, 2009 lynne kiesling senior lecturer, department of economics northwestern university panelists. However, electricity transmission and distribution systems. Another source, 5th edition of the smart grid dictionary, provides the following definition. The smart grid has received considerable attention as well as substantial financing in the american recovery and reinvestment act. These customerowned load, storage and generation resources must be made responsive to needs of the electric grid in order to enable the smart grid. A survey xi fang, student member, ieee, satyajayant misra, member, ieee, guoliang xue, fellow, ieee, and dejun yang, student member, ieee abstractthe smart grid, regarded as the next generation power grid, uses twoway. Critique of regulatory theory using some of the 5 prisms. Scott institute for energy innovation, at carnegie mellon university. Toward a market epistemology of the platform economy, advances in austrian economics, 2018. Implications of smart grid innovation for organizational models in electricity distribution, wiley smart grid handbook, 2016. Transactional energy market information exchange temix energy.
This report was prepared by carl peterson, greg busch, and chris thomas, with assistance from anthony star, kathryn tholin, kurt yeager, john kelly, lynne kiesling, and joe miller. Transactional energy market information exchange temix 7 7 105 there are many market processes that may be used to exchange offers and reach agreements on 106 transactions using the transactional energy odel. As part of those technical assistance efforts, in 2010 the emp group started developing a series of materials for orientation and reference purposes concerning various smart grid related topics. Smart grid and renewables interconnection part 4 of 5. Lynne kiesling economic experiment design consultant montana tech. Pdf implications of smart grid innovation for organizational. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.