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Chapter | 4 The Equity Implications of Smart Grid 99 ratepayers to purchase smart grid products and services. Contrast this with advances in computers and communications, to which advocates of smart grid constantly refer as they make their case: consumers voluntarily bought computers and cell phones because the value proposition was clear. REFERENCES [1] C. Gellings, EPRI, Estimating the Costs and Benefits of the Smart Grid: A Preliminary Estimate of the Investment Requirements and the Resultant Benefits of a Fully Functioning Smart Grid, EPRI, 2011. [2] F.A. Felder, "The practical equity implications of advanced metering infrastructure." Electricity J. 23 (6) (2010) 56­64. [3] A. Dilnot, D. Helm, "Energy policy, merit goods and social security." Fisc. Stud. 8 (1987) 29­48. [4] B.R. Alexander, "Dynamic pricing? Not so fast! A residential consumer perspective." Electricity J. 23 (6) (2010) 39­49. [5] Synapse Energy Economics, Inc., Advance Metering Infrastructure: Implications for Residential Customers in New Jersey (July 8, 2008). [6] S.A. Brand, "Dynamic pricing for residential electric customers: A ratepayer advocate's perspective." Electricity J. 23 (6) (2010) 50­55. [7] D.J. Leeds, U.S. Smart Grid Market Forecast 2010­2015, Executive Summary (Sept. 2010) p. 7. [8] M. Willrich, Electricity Transmission Policy for America: Enabling a Smart Grid, End-to-End,