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100 _aHall, Stephen
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245 _aThe smart grid as commons: Exploring alternatives to infrastructure financialisation
260 _bSage
_c2019
300 _aVol 56, Issue 7, 2019 : (1386-1404 p.)
520 _aThis article explores a tension between financialisation of electricity infrastructures and efforts to bring critical urban systems into common ownership. Focusing on the emerging landscape of electricity regulation and e-mobility in the United Kingdom (UK), it examines how electricity grid ownership has become financialised, and why the economic assumptions that enabled this financialisation are being called into question. New technologies, such as smart electricity meters and electric vehicles, provide cities with new tools to tackle poor air quality and greenhouse gas emissions. Electricity grids are key enabling infrastructures but the companies that run them do not get rewarded for improving air quality or tackling climate change. UK government regulation of electricity grids both enables financialisation and forecloses opportunities to manage the infrastructure for wider environmental and public benefit. Nonetheless, the addition of smart devices to this network – the ‘smart grid’ – opens up an opportunity for common ownership of the infrastructure. Transforming the smart grid into commons necessitates deep structural reform to the entire architecture of infrastructure regulation in the UK.
650 _aeconomic development
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650 _a financialisation
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650 _aenvironment/sustainability
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700 _aJonas, Andrew EG
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700 _aShepherd, Simon
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773 0 _011188
_915499
_dsage, 2019.
_tUrban studies
856 _uhttps://doi.org/10.1177/0042098018784146
942 _2ddc
_cART