Appraising the Economics of Smart Meters Costs and Benefits Routledge Studies in Energy Policy Series

This book focuses on the economics of smart meters and is one of the first to present comprehensive evidence on the impacts, cost-benefits and risks associated with smart metering.

Throughout this volume, Jacopo Torriti integrates his findings from institutional cost-benefit analyses and smart metering trials in a range of European countries with key economic and social concepts and policy insights derived from almost ten years of research in this area. He explores the extent to which the benefits of smart meters outweigh the cost, and poses key questions including: which energy savings can be expected from the roll out of smart meters in households? Is Cost-Benefit Analysis an appropriate economic tool for assessing the impacts of smart metering rollouts? Can smart meters play a significant role in research on people?s activities and the timing of energy demand? Torriti concludes by providing a much-needed survey of recent changes and expected future developments in this growing field.

This book will be of great interest to students and scholars of energy policy and demand and smart metering infrastructure.

1. Are Smart Meters Worth the Cost? 2. The Economics of Smart Meters 3. Cost–Benefit Analyses of Smart Meters in European Countries 4. Cost–Benefit Analysis of Smart Meters in Romania 5. Cost–Benefit Analysis for Energy Policies 6. Meta-Analysis of Smart-Metering Trials and Conservation Effects 7. Beyond Economics and System Needs: Theoretical Approaches to Understand Smart Meters Energy Demand 8. A Smart Future? Appendix: Policy Options in Regulatory Impact Assessments on Smart Meter Roll-outs

Jacopo Torriti is a Professor of Energy Economics and Policy in the School of the Built Environment, University of Reading, UK. He is Co-Director of the Centre for Research into Energy Demand Solutions (CREDS) and Principal Investigator of projects funded by EPSRC on Residential Electricity Demand: Peaks, Sequences of Activities and Markov chains (REDPEAK) and Distributional Effects of Dynamic Pricing for Responsive Electricity Demand (DEEPRED). He has authored the books Peak Energy Demand and Demand Side Response (Routledge, 2015) and Energy Fables: Challenging Ideas in the Energy Sector (Routledge, 2019). He is a member of Ofgem Academic Advisory Panel and Defra Economic Advisory Panel. Before joining the University of Reading, Jacopo worked at the London School of Economics, the University of Surrey and the European University Institute. He obtained a PhD from King’s College London, a Master from King’s College London and a Laurea in Economics from Universita di Milano.