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Power to the people - creating markets for supply security based on consumer choice

Winzer, Christian and Borggrefe, Frieder (2017) Power to the people - creating markets for supply security based on consumer choice. In: Design the electricity market(s) of the future, proceedings from the Eurelecric-Florence School of Regulation conference pp. 54-60. doi: 10.2870/420547. ISBN 978-92-9084-577-5.

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Official URL: http://www.eurelectric.org/media/366344/ebook_final_version_for_publication-2018-oth-0001-01-e.pdf

Abstract

One of the root causes behind many of the distortions in today’s electricity markets is that short term security of supply is a good without a market as curtailment bids are typically not priced based on consumer preferences. Consumer choice of reliability levels is thus replaced with administrative reliability targets. As there is no market to determine efficient levels of supply security, adequate investment needs to be guaranteed through capacity mechanisms and emergency plans, distorting dispatch, investment and innovation incentives instead of relying on market signals. As an alternative approach, this paper proposes to enhance electricity markets by including curtailment bids from all end consumers in the energy market and offer grid tariffs for different reliability levels.

Item URL in elib:https://elib.dlr.de/118192/
Document Type:Book Section
Title:Power to the people - creating markets for supply security based on consumer choice
Authors:
AuthorsInstitution or Email of AuthorsAuthor's ORCID iD
Winzer, Christianchristian.winzer (at) zhaw.chUNSPECIFIED
Borggrefe, FriederFrieder.Borggrefe (at) dlr.dehttps://orcid.org/0000-0001-5733-128X
Date:June 2017
Journal or Publication Title:Design the electricity market(s) of the future, proceedings from the Eurelecric-Florence School of Regulation conference
Refereed publication:No
Open Access:No
Gold Open Access:No
In SCOPUS:No
In ISI Web of Science:No
DOI:10.2870/420547
Page Range:pp. 54-60
Editors:
EditorsEmailEditor's ORCID iD
Rossetto, NicoloFlorence School of Regulation, European University InstituteUNSPECIFIED
ISBN:978-92-9084-577-5
Status:Published
Keywords:supply security, electricity market, market design, consumer choice, demand side Management, EU winter package
HGF - Research field:Energy
HGF - Program:Technology, Innovation and Society
HGF - Program Themes:Renewable Energy and Material Resources for Sustainable Futures - Integrating at Different Scales
DLR - Research area:Energy
DLR - Program:E SY - Energy Systems Analysis
DLR - Research theme (Project):E - Systems Analysis and Technology Assessment (old)
Location: Stuttgart
Institutes and Institutions:Institute of Engineering Thermodynamics > Systems Analysis and Technology Assessment
Deposited By: Borggrefe, Frieder
Deposited On:16 Jan 2018 16:26
Last Modified:16 Jan 2018 16:26

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