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Title: Electricity distribution incumbents' adaptation toward decarbonized and smarter grids: Evidence on the role market, regulatory, investment, and firm-level factors
Authors: Pereira, Guillermo Ivan
Silva, Patrícia Pereira da 
Cerqueira, Pedro André 
Keywords: Smart grids; Decentralization; Electricity distribution; Policy; Regulation; Adaptation
Issue Date: Jul-2020
Publisher: Elsevier
Project: info:eu-repo/grantAgreement/FCT/FARH/PD/BD/105841/2014/PT/A Designar 
info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB/05037/2020/PT/Centre for Business and Economics Research - University of Coimbra 
info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB/00308/2020/PT/Institute for Systems Engineering and Computers at Coimbra - INESC Coimbra 
info:eu-repo/grantAgreement/FCT/9471 - RIDTI/PTDC/EEI-EEE/29820/2017/PT/Tools for supporting the selection of energy efficient technologies 
Serial title, monograph or event: Energy Policy
Issue: 142
Abstract: The transition to a cleaner and smarter electricity system is being spurred by new policy approaches aiming at delivering a decentralized, digital, and decarbonized energy future. This calls for the adaptation of incumbent technologies, policies, and actors, as well as for the introduction of new system components. The changing role of electricity distribution systems, and of distribution system operators, has been a focal aspect of recent market design efforts, given the critical role of network infrastructure and the importance to adjust its operations, and regulatory framework. We build on a novel dataset from 124 DSOs and apply a methodology combining Factor analysis and a Tobit model to evaluate the role of market, regulatory, investment, and firm-level factors on technological, business model, and market design adaptation. Our results indicate that hybrid regulatory models contribute to DSOs adaptation. Investing in smart grids is found to have a positive effect on adaptation. Regarding firm-level characteristics, the results indicate that unbundling does not affect adaptation, however larger DSOs are found to be better able to adapt. These findings provide timely empirical evidence for advancing regulatory and policy approaches toward the adaptation of incumbents in a rapidly changing electricity sector.
ISSN: 0301-4215
DOI: 10.1016/j.enpol.2020.111477
Rights: embargoedAccess
Appears in Collections:I&D INESCC - Artigos em Revistas Internacionais
I&D CeBER - Artigos em Revistas Internacionais

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