Technology Market Experimentation in Regulated Industries: Are Administrative Pilot Projects Bad for Retail Markets?
September 25, 2014
Since 2008, multiple smart grid pilot projects have been occurring in the US, funded jointly through regulated utility investments and taxpayer-funded Department of Energy cost sharing. In this bureaucratic market environment, market experimentation takes the form of the large-scale, multi-year pilot project. The regulated utility (after approval from the state public utility commission) publishes a … More Technology Market Experimentation in Regulated Industries: Are Administrative Pilot Projects Bad for Retail Markets?