Engineering energy markets: the past, the present, and the future
- Since the beginning of the energy sector liberalization, the design of energy markets has become a prominent field of research. Markets nowadays facilitate efficient resource allocation in many fields of energy system operation, such as plant dispatch, control reserve provisioning, delimitation of related carbon emissions, grid congestion management, and, more recently, smart grid concepts and local energy trading. Therefore, good market designs play an important role in enabling the energy transition toward a more sustainable energy supply for all. In this chapter, we retrace how market engineering shaped the development of energy markets and how the research focus shifted from national wholesale markets to more decentralized and location-sensitive concepts.
Author of HS Reutlingen | van Dinther, Clemens |
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URN: | urn:nbn:de:bsz:rt2-opus4-34950 |
DOI: | https://doi.org/10.1007/978-3-030-66661-3_7 |
ISBN: | 978-3-030-66660-6 |
ISBN: | 978-3-030-66661-3 |
Erschienen in: | Market engineering : insights from two decades of research on markets and information |
Publisher: | Springer |
Place of publication: | Cham |
Editor: | Henner Gimpel, Jan Krämer, Dirk Neumann, Jella Pfeiffer, Stefan Seifert, Timm Teubner, Daniel Veit, Anke Weidlich |
Document Type: | Book chapter |
Language: | English |
Publication year: | 2021 |
Edition: | 1st ed. |
Page Number: | 22 |
First Page: | 113 |
Last Page: | 134 |
PPN: | Im Katalog der Hochschule Reutlingen ansehen |
DDC classes: | 004 Informatik |
Open access?: | Ja |
Licence (German): | Creative Commons - CC BY - Namensnennung 4.0 International |