RT Monograph
SR 00
A1 Léautier, Thomas-Olivier
T1 Is mandating "smart meters" smart?
YR 2012
FD 2012-10-08
VO 12-341
K1 electric power markets
K1 demand response
K1 smart grid
AB The advent of "smart meters" will make possible Real Time Pricing of electricity: customers  will face and react to wholesale spot prices, thus consumption of electric power will be aligned  with its opportunity cost. This article determines the marginal value of a fraction of demand (or  a consumer) switching to Real Time Pricing. First, it derives this marginal value for a simple yet  realistic specification of demand. Second, using data from the French power market, it estimates  that, for the vast majority of residential customers whose peak demand is lower than 6 kV A, the  net surplus from switching to Real Time Pricing is lower than 1 euro/year for low demand elasticity,  4 euros/year for high demand elasticity. This finding casts a doubt on the economic value of rolling  out smart meters to all residential customers, for both policy makers and power suppliers.
T2 TSE Working Paper
PB TSE Working Paper
AV Published
LK https://publications.ut-capitole.fr/id/eprint/15404/
UL http://tse-fr.eu/pub/26343