Publication type: Conference paper
Type of review: No review
Title: Power to the people : creating markets for supply security based on consumer choice
Authors : Winzer, Christian
Borggrefe, Frieder
Proceedings: Market(s) of the future : proceedings from the eurelectric-florence school of regulation conference
Pages : 54
Pages to: 60
Conference details: Eureletric-Florence-School of Regulation Conference, Florenz, Italy, 7 June 2017
Issue Date: 2017
Publisher / Ed. Institution : European University Institute
ISBN: 978-92-9084-577-5
Language : English
Subject (DDC) : 333.7: Land, recreational areas and energy
Abstract: The profound transformation of the European electricity system is putting the design of the electricity markets that emerged during the restructuring of the 1990s and early 2000s into question. The need for decarbonisation and the wave of innovation in ICT are affecting the optimal functioning of those markets. New options, such as the ‘privatisation’ of service reliability, are becoming a reality, while some of the solutions adopted in the past, such as the reliance on day-ahead energy-only wholesale markets based on marginal pricing, are no longer sustainable. These changes call for a rethinking of the way markets are built within the EU. This is a fundamental step which academics, practitioners and policy-makers have to make together if they want to provide the conditions for long-term investments, integrate a growing amount of renewable energy sources efficiently and securely, and ensure the active participation of customers and communities at the local level.
Fulltext version : Published version
License (according to publishing contract) : Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Center for Energy and Environment (CEE)
Appears in Collections:Publikationen School of Management and Law

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