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. 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. These customerowned load, storage and generation resources must be made responsive to needs of the electric grid in order to enable the smart grid. Commercialization of electric power began early in the 21th century. Lynne kiesling is a visiting associate professor and associate director at purdue university research center in economics at purdue university, west lafayette, indiana.
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. Eei eforum on february 24, eei is hosting an eforum on the topic of using the smart grid. Selected conference and seminar presentations incumbent vertical market power, experimentation, and institutional design in the deregulating electricity industry. This cited by count includes citations to the following articles in scholar. The case of residential rooftop solar, annual proceedings of the wealth and wellbeing of nations upton forum, beloit college, forthcoming joint with mark. This group brings together the best thinkers on energy and climate. Transactional energy market information exchange temix. Achieving decentralized coordination in the electric utility industry.
Lynne kiesling is an associate professor of instruction in the department of. 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. Eei eforum on february 24, eei is hosting an eforum on the topic of using the smart grid to bring clean technologies. 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. This is done with software applications that use economic signals and operational. Explaining the rise in antebellum pauperism, 18501860. 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. Presentation to the harvard electricity policy group fiftyfourth. Implications of smart grid innovation for organizational models in.
How regulation affects technological change in the electric power industry studies in emergent order, vol. Lynne kiesling engineering and public policy college. Lynne kiesling is a visiting associate professor in the department of engineering and public policy at carnegie mellon university. Institutional theory for a platform model in an historically regulated industry lynne kiesling associate professor of instruction department of economics northwestern university may 2016. The case for transactional energy is ably made by lynne kiesling, smart policies for a smart grid.
Pdf smart loads and smart gridscreating the smart grid. Cera week and smart grid thought leadership energy central. Advances in smart grid utility practices panel moderated by joe bucciero. Possible business models for the distribution company include an integrated utility, a network manager, or a coordinating platform provider. This list scratches the surface, and your list probably differs from mine. Illinois smart grid initiative final report energy central.
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. Implications of smart grid innovation for organizational models in electricity distribution. Scott institute for energy innovation, at carnegie mellon university. Implications of smart grid innovation for organizational models in electricity distribution lynne kiesling associate professor of instruction. Grid unlocked understanding and connecting smart meters.
One small device that fulfills many roles, substituting for several. Smart grid application of digital communication technology throughout value chain selfhealing automated. Smart grid 101 electricity markets and policy group. Implications of smart grid innovation for organizational models in electricity. Transactiveenergy california public utilities commission. Innovation and promoting innovation in regulation in. Testimony in response to california public utility commission white paper on capacity markets, september 2005.
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 knowledge problem. Presentation to the harvard electricity policy group fiftyfourth plenary session. Last week the environmental defense fund released a new report on grid modernization, grid modernization.
Electricity advisory committee meeting presentations june. 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. Value proposition of a smart grid for end users panel moderated by lynne kiesling. Implications of smart grid innovation for organizational models in electricity distribution, wiley handbook of smart grid development, 2016.
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. Interoperability and regulatorypolicy issues panel moderated by alison silverstein. Lynne kiesling will be a panel participant in a meeting on march 8 9, 2007 on energy. 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. As a noted expert in smart grid economics, regulatory and market design, and retail competition, lynne speaks to various academic. 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. 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. Some of the work in this research project occurred while lynne kiesling was a visiting. Transactional energy market information exchange temix energy. Implications of smart grid innovation for organizational models in electricity distribution, wiley smart grid handbook, 2016. 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. 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. Forthcoming, wiley handbook of smart grid development. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.
Last year i worked on the project team for the illinois smart grid initiative, in which we brought together a wide range of stakeholders to discuss the opportunities, benefits, and costs of different models of investing in smart grid infrastructure and technologies. Implications for smart grid lynne kiesling northwestern university irle 2014. The connected home and an electricitymarket platform for the. Illinois smart grid initiative final report, april 2009. Electricity regulation, competition, technology lynne. 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. The illinois smart grid initiative isgi process was coordinated by greg busch for the center for neighborhood technology. Lynne kiesling is involved in the planning of gridecon with is organized by clasma. Lynne kiesling i think the past 18 months have been disappointing for consumercentric smart grid proponents and companies.
Her areas of expertise include policy analysis, energy policy and digital energy technology policy. Innovation and promoting innovation in regulation in the. Carl peterson, greg busch, chris thomas, anthony star, kathryn tholin, kurt yeager, john kelly, lynne kiesling, joe miller. Innovationfocused critiques of neoclassical regulation. 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. 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. Sep 11, 2009 lynne kiesling senior lecturer, department of economics northwestern university panelists.
Their combined citations are counted only for the first article. Lynne kiesling property and environment research center. Gwac meeting minutes september 12, 2007 austin, tx. 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. Because call it what you would like, the smart grid is moving forward and thats a good thing. Empowering consumers through a modern electric grid. Smart grid and renewables interconnection part 4 of 5. However, electricity transmission and distribution systems. Lynne, implications of smart grid innovation for organizational models in electricity distribution february 27, 2015. Smart grid is referred to by other names including smart electric grid, smart power grid, intelligrid, and future grid 1. In this sense transactive smart grid technologies are enabling the development of an increasingly dynamic complex adaptive system due to the. Pdf while the core operations of the grid attract the most smart grid attention, the most important. Grid services rate design for decentralized electricity markets. Implications of smart grid innovation for organizational models in electricity distribution chapter pdf available august 2016 with 378 reads how we measure reads.
A softwaredefined grid managed via marketbased incentives to ensure grid reliability and resiliency. 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. Illinois smart grid initiative final report knowledge. Toward a market epistemology of the platform economy, advances in austrian economics, 2018. Critique of regulatory theory using some of the 5 prisms. On thursday evening, gridwise applied awards were presented during the dinner gala. Grid unlocked understanding and connecting smart meters, smart grids, and smart markets. 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. You will learn what the smart grid is and what it is not. The emp group provides technical assistance on smart grid related topics to regulators and policymakers. Electricity and smart grid technology lynne kiesling. An analysis of electricity capacity markets in california.
Another source, 5th edition of the smart grid dictionary, provides the following definition. Distributech will have a smart grid panel session chaired by erich gunther, february 46 in san diego. Smart grid technologies reduce transactions costs, changing economical firm boundaries and reducing the traditional drivers of vertical integration. 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.