|Title:||Power to the people : creating markets for supply security based on consumer choice|
|Authors :||Winzer, Christian|
|Proceedings:||Market(s) of the future : proceedings from the eurelectric-florence school of regulation conference|
|Conference details:||Eureletric-Florence-School of Regulation Conference, Florenz, 7. Juni 2017|
|Publisher / Ed. Institution :||European University Institute|
|License (according to publishing contract) :||Licence according to publishing contract|
|Type of review:||No review|
|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.|
|Departement:||School of Management and Law|
|Organisational Unit:||Center for Energy and Environment (CEE)|
|Publication type:||Conference Paper|
|Appears in Collections:||Publikationen School of Management and Law|
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