Smart Grid Economics A Field Experimental Approach to Demand Response

This book aims to report on a cutting-edge research project of the smart grid in Japan, resting on the three pillars of field experiments, behavioral economics, and big data. The field experiments on the smart grid were conducted in four regions in Japan—Yokohama city, Toyota city, Keihanna Science...

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Bibliographic Details
Main Authors: Ida, Takanori, Tanaka, Makoto (Author), Ito, Koichiro (Author)
Format: eBook
Language:English
Published: Singapore Springer Nature Singapore 2024, 2024
Edition:1st ed. 2024
Series:Advances in Japanese Business and Economics
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
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300 |a XIII, 139 p. 46 illus., 38 illus. in color  |b online resource 
505 0 |a Part I Smart Grid Economics -- Chapter 1 Economics of Smart Grid: Smart Grid, Time-dependent Pricing (Dynamic Pricing), Demand Response -- Part II Field Experimental Economics -- Chapter 2 Economics of Field Experiment: History of Field Experiment, especially in Energy and Environmental Economics -- Chapter 3 Dynamic Pricing: Purpose, Design, and Results of Field Experiment of Dynamic Pricing -- Chapter 4 Persistence and Habit Formation: Short-term and Long-term Effects of Conservation Request and Dynamic Pricing -- Chapter 5 Switching Cost and Information Friction: Status Quo Bias and Cognitive Incompleteness of Behavioral Change -- Chapter 6 Social Welfare Analysis: Cost-Benefit Ratio of Installing Smart Grid System -- Part III Toward Power System Restructuring -- Chapter 7 Power System Restructuring and Smart Grids 
653 |a Power resources 
653 |a Economics 
653 |a Economics / Psychological aspects 
653 |a Natural Resource and Energy Economics 
653 |a Behavioral Economics 
653 |a Energy policy 
653 |a Energy Policy, Economics and Management 
653 |a Energy and state 
653 |a Political Economy of Energy 
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700 1 |a Ito, Koichiro  |e [author] 
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520 |a This book aims to report on a cutting-edge research project of the smart grid in Japan, resting on the three pillars of field experiments, behavioral economics, and big data. The field experiments on the smart grid were conducted in four regions in Japan—Yokohama city, Toyota city, Keihanna Science City, and Kitakyushu city—over a three-year period from 2012 to 2014 after the Great East Japan Earthquake on March 11, 2011, and the subsequent accident at the Fukushima Nuclear Power Plants. Our focus here is on demand response in the smart grid environment, which we also discuss in the context of power system reforms. The book is intended for undergraduate and graduate students, researchers, policy makers, and business leaders