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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.

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Metadaten
Author of HS Reutlingenvan Dinther, Clemens
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):License Logo  Creative Commons - CC BY - Namensnennung 4.0 International