Policy-adaptation for a smarter and more sustainable EU electricity distribution industry: a foresight analysis
Abstract The European Union (EU) transition to a smarter and more sustainable electricity sector is driven by climate change adaptation and technological developments. For the electricity distribution industry, this has contributed to a growing need to understand how these network mon...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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Springer Netherlands
2021
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| Online Access: | https://hdl.handle.net/1721.1/131791 |
| _version_ | 1826188290086141952 |
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| author | Pereira, Guillermo I da Silva, Patrícia P Soule, Deborah |
| author2 | MIT-Portugal Program |
| author_facet | MIT-Portugal Program Pereira, Guillermo I da Silva, Patrícia P Soule, Deborah |
| author_sort | Pereira, Guillermo I |
| collection | MIT |
| description | Abstract
The European Union (EU) transition to a smarter and more sustainable electricity sector is driven by climate change adaptation and technological developments. For the electricity distribution industry, this has contributed to a growing need to understand how these network monopolies should adapt their role, activities, and responsibilities for a redesigned electricity market, given the growth of distributed generation, and the increased control and monitoring capabilities. Considering this, a foresight study on business model innovation, technological adaptation, and market design policy alternatives is presented. A Policy Delphi method was applied, involving two iterative survey rounds and 207 European experts, which assessed 57 policy alternatives. The results highlight adaptation challenges for implementing new technologies and business practices. Experts support innovation and transition to new roles, and innovative services, while warranting that core electricity distribution activities are secured. This shift in roles is expected to be achieved through research and development (R&D) support policies, innovation friendly regulatory frameworks, and concerted actions at the EU and Member States level. The results provide policy-adaptation guidelines for electricity distribution industry stakeholders. |
| first_indexed | 2024-09-23T07:57:24Z |
| format | Article |
| id | mit-1721.1/131791 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T07:57:24Z |
| publishDate | 2021 |
| publisher | Springer Netherlands |
| record_format | dspace |
| spelling | mit-1721.1/1317912023-09-06T20:03:23Z Policy-adaptation for a smarter and more sustainable EU electricity distribution industry: a foresight analysis Pereira, Guillermo I da Silva, Patrícia P Soule, Deborah MIT-Portugal Program Sloan School of Management Abstract The European Union (EU) transition to a smarter and more sustainable electricity sector is driven by climate change adaptation and technological developments. For the electricity distribution industry, this has contributed to a growing need to understand how these network monopolies should adapt their role, activities, and responsibilities for a redesigned electricity market, given the growth of distributed generation, and the increased control and monitoring capabilities. Considering this, a foresight study on business model innovation, technological adaptation, and market design policy alternatives is presented. A Policy Delphi method was applied, involving two iterative survey rounds and 207 European experts, which assessed 57 policy alternatives. The results highlight adaptation challenges for implementing new technologies and business practices. Experts support innovation and transition to new roles, and innovative services, while warranting that core electricity distribution activities are secured. This shift in roles is expected to be achieved through research and development (R&D) support policies, innovation friendly regulatory frameworks, and concerted actions at the EU and Member States level. The results provide policy-adaptation guidelines for electricity distribution industry stakeholders. 2021-09-20T17:30:17Z 2021-09-20T17:30:17Z 2018-02-27 2020-09-24T20:39:38Z Article http://purl.org/eprint/type/JournalArticle https://hdl.handle.net/1721.1/131791 en https://doi.org/10.1007/s10668-018-0119-x Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. Springer Science+Business Media B.V., part of Springer Nature application/pdf Springer Netherlands Springer Netherlands |
| spellingShingle | Pereira, Guillermo I da Silva, Patrícia P Soule, Deborah Policy-adaptation for a smarter and more sustainable EU electricity distribution industry: a foresight analysis |
| title | Policy-adaptation for a smarter and more sustainable EU electricity distribution industry: a foresight analysis |
| title_full | Policy-adaptation for a smarter and more sustainable EU electricity distribution industry: a foresight analysis |
| title_fullStr | Policy-adaptation for a smarter and more sustainable EU electricity distribution industry: a foresight analysis |
| title_full_unstemmed | Policy-adaptation for a smarter and more sustainable EU electricity distribution industry: a foresight analysis |
| title_short | Policy-adaptation for a smarter and more sustainable EU electricity distribution industry: a foresight analysis |
| title_sort | policy adaptation for a smarter and more sustainable eu electricity distribution industry a foresight analysis |
| url | https://hdl.handle.net/1721.1/131791 |
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