Future power markets - Impacts of consumer response and dynamic retail prices on electricity markets

Research output: Contribution to journalResearch articleContributedpeer-review

Contributors

  • Anke Eßer - , Karlsruhe Institute of Technology (Author)
  • Markus Franke - , Karlsruhe Institute of Technology (Author)
  • Andreas Kamper - , Karlsruhe Institute of Technology (Author)
  • Dominik Möst - , Institut fuer Industriebetriebslehre und Industrielle Produktion, Karlsruhe Institute of Technology (Author)

Abstract

In this article we discuss the impact of the increasingly higher dynamics and transparency on future electricity markets due to a higher degree of automation along the energy supply chain. As part of the SESAM (Self Organization and Spontaneity in Liberalized and Harmonized Markets) project, we analyze the consequences of the customers' higher willingness to change their supplier. In addition, we evaluate the major changes in load profiles caused by the use of load management systems in combination with dynamic retail electricity prices. We demonstrate that not only the consumer load but also the application of decentralized combined heat and power plants can be rescheduled. Finally, we outline further research activities.

Details

Original languageEnglish
Pages (from-to)335-341
Number of pages7
JournalWirtschaftsinformatik
Volume49
Issue number5
Publication statusPublished - 2007
Peer-reviewedYes
Externally publishedYes

External IDs

ORCID /0000-0001-7170-3596/work/142241622

Keywords

ASJC Scopus subject areas

Keywords

  • Combined heat and power, Electricity markets, Electricity prices, Load balancing, Power markets, Tariff creation