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Durham Research Online
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Energy systems integration : economic considerations for a new paradigm.

Jamasb, T. and Llorca, M. (2019) 'Energy systems integration : economic considerations for a new paradigm.', Economics of energy and environmental policy., 8 (2). pp. 7-28.

Abstract

Energy Systems Integration (ESI) is an emerging paradigm emanating from a whole system perspective of the energy sector. It is based on a holistic view in which the main energy carriers are integrated to achieve horizontal synergies and efficiencies at all levels. The energy system may in turn integrate with other infrastructure sectors such as water, transport, and telecommunications to meet the demand for a broad range of energy and essential services. It also implies that energy security, sustainability, and equity objectives can be balanced more effectively. There is already progress in the technical aspects of ESI. However, such systems require not only physical solutions but also economic, regulatory, and policy frameworks to ensure efficient performance over time. Thus, it is important to better understand the economic features of integrated energy systems. To our knowledge this aspect has barely been addressed in the literature on ESI. This paper does not attempt to survey the technical literature on the topic but to describe some of its relevant economic features. We discuss selected aspects that relate to industrial organisation, regulation, business economics, and technology. Finally, we offer some early considerations and policy recommendations.

Item Type:Article
Full text:Publisher-imposed embargo until 30 September 2022.
(AM) Accepted Manuscript
First Live Deposit - 22 May 2019
File format - PDF
(393Kb)
Status:Peer-reviewed
Publisher Web site:https://doi.org/10.5547/2160-5890.8.2.tjam
Record Created:22 May 2019 09:58
Last Modified:10 Oct 2019 13:12

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