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Economic and Sociological Implications of Smart Grids
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Economic and Sociological Implications of Smart Grids
Economic and Sociological Implications of Smart Grids
Book Chapter

Economic and Sociological Implications of Smart Grids

2019
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Overview
One of the main elements of the evolution of smart grids is the shift from consumers to “prosumers”. This evolution concerns consumers with their own local renewable production sources and/or storage systems of any size, or who, more generally, possess storage capacity. The motivations involved may vary according to socio‐economic profiles, including economic, ecological and technological aspects; some actors remain indifferent, whereas others are strongly opposed to these developments. The chapter considers the different rationalities of actors in smart grids, which may vary widely and affect whole groups. It discusses the economic and social implications of smart grids, including changes to the chain of value, contract models, the socio‐economic profiles of consumers or prosumers and regulation. The chapter also considers the social acceptability of participation in energy management, specifically in the context of energy balancing in a multi‐actor commercial building (shopping mall) and in a domestic setting (households in residential buildings).