Economic Efficiency Analysis of New Electricity Systems

The development of the world economy has become intricately linked with the rapid evolution of the electricity industry, positioning it as a key player in global efforts toward emission reduction and sustainable development. Recognizing the pivotal role of the electricity sector, numerous countries are proactively engaging in New Electricity Systems reforms. These reforms are designed not only to keep pace with the increasing demands of a growing global economy but also to address environmental concerns and enhance the overall efficiency, reliability, and sustainability of power generation. The ongoing transformation in the electricity industry is marked by a shift towards market-oriented approaches, commonly referred to as electricity marketization. This strategic transition aims to introduce competitive market dynamics into the electricity sector, fostering innovation, efficiency, and responsiveness to consumer needs. By embracing market mechanisms, countries aspire to create an environment that encourages investment in cutting-edge technologies, particularly those related to renewable energy sources, smart grids, and energy storage systems.



Contributions to this special issue will delve into various facets of the economic analysis of new electricity systems. Researchers and experts are invited to explore the economic impacts of new electricity systems on different sectors and regions, investigate the effectiveness of policy instruments in driving transitions of new electricity systems, analyze the cost-benefit dynamics of new electricity systems, and examine the role of the new electricity system in promoting clean technologies.



Furthermore, this special issue will foster interdisciplinary discussions, bringing together scholars from economics, environmental science, engineering, policy, and other relevant fields. By incorporating diverse perspectives and methodologies, we aim to develop a comprehensive understanding of the economic dimensions of new electricity systems, and their implications for sustainable development.



Ultimately, the findings and insights presented in this special issue will contribute to evidence-based decision-making, informing policymakers, businesses, and stakeholders as they navigate the complex landscape of new electricity systems. By advancing our understanding of the economic factors at play, we can develop pragmatic and effective strategies that balance electricity reform with economic prosperity.



Therefore, we are launching this cross-listing special issue on Frontiers in Sustainable Energy Policy. We encourage submissions of both structural models and reduced-form models that offer new perspectives on addressing global energy challenges. Additionally, qualitative analyses are also welcomed.



We welcome submissions of research (Original Research, Review, and Systematic Review) involving but not limited to:



1. Studies of the economic impacts of new electricity systems on different sectors and regions.



2. Studies with the dynamic economic cost-benefits of renewable energy sources in new electricity systems, including energy production costs and environmental benefits.



3. Studies with the effectiveness of policy instruments in driving the electricity marketing reform.



4. Studies of the role of the new electricity systems in promoting clean technologies.



5. Studies with the modelling of the new electricity system.



6. Studies with the economic viability of energy storage technologies to achieve efficient energy utilization.

Keywords: Renewable Energy, Electricity Systems, Energy Storage TechnologiesEconomics of Electricity Systems, Clean Technologies

Important Note: All contributions to this Research Topic must be within the scope of the section and journal to which they are submitted, as defined in their mission statements. Frontiers reserves the right to guide an out-of-scope manuscript to a more suitable section or journal at any stage of peer review.