The Socio-economic value of spectrum in providing utility services to support their operations

In 2011, JRC conducted a socio-economic study of the use of radio spectrum in supporting utility operations . The report examined the economic value and the additional value to society of incorporating advanced telecommunications into a previously largely passive grid. The “additional value to society” refers to a number of non-marketable benefits which, although not creating wealth, are valued by society. The report concluded that the socio-economic value of a reliable electricity supply is at least 50-150 times the retail price of the electricity supplied.
The original report was based largely on historic data covering a period of some 35 years during which time western societies have become increasingly dependent on a reliable supply of electricity to support their standard of living. This new report follows up the previous work and applies further analysis, looking at the value of spectrum use to customers, utilities and society as a whole using more recent data.