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Description
This book explores the changing economics, regulations, and operations of electricity distribution networks. It highlights the central challenges and opportunities caused by the rise of decentralisation paradigm in the power system within this segment of the electricity supply chain. As decarbonisation objectives continue to transform the power sector, the distribution system experiences an increased penetration of energy and flexibility resources that come from a variety of sizes, technologies, and capabilities. This makes traditional approaches to economic, regulation and operation of electricity distribution networks obsolete.
This book aims to provide insights into the ways which decarbonisation, decentralisation and digitalisation trends in the electricity sector will eventually shape future of distribution grids. It will be relevant to students, researchers, and policymakers interested in energy economics, the political economy of energy, and the electricity sector.
Table of Contents
1. Introduction.- 2. Electricity distribution networks and decentralisation paradigm.- 3. The evolving role of distribution networks: from network operator to system operator to platform provider.- 4. Regulated charges for access to and utilisation of networks.- 5. Improving efficiency: flexible network access regime and auction for allocation of network capacity.- 6. Local markets for decentralised flexibility services.- 7. Electricity distribution networks in the context of energy system integration.- 8. Unbundling in electricity distribution networks.- 9. Effective regulation of electricity distribution networks.- 10. Conclusions.
