Social Impacts of Smart Grids: The Future of Smart Grids and Energy Market Design explores the significant, unexplored societal consequences of our meteoric evolution towards intelligent, responsive and sustainable power generation and distribution systems-the so-called 'smart grid'. These consequences include new patterns of consumption behavior, systems planning under increasing uncertainty, and the ever- growing complexities involved. The work covers the historical impact of the transformation, examines the changing role of production and consumption behavior, articulates the principles and options for socially responsible smart grid power market design, and explores social acceptance of the smart grid.
Where relevant, it examines adjacent literatures from P2P electricity markets, electric vehicles, smart homes and smart cities, and related 'internet of energy' developments. Finally, it provides insights into mitigating the likely social consequences of our integrated low-carbon energy future.
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Table of Contents
1. General Introduction2. Traditional power markets and an evolution to smart grids3. Sustainability of the smart grids4. Renewable energy sources (RES), power markets and smart grids5. P2P (platform) markets and sharing economy of the smart grids6. Consumers, prosumers and the smart grid7. The role and perception of energy through the eyes of the society8. Smart grids of tomorrow and the challenges for the future9. Conclusions
