Future power markets - Impacts of consumer response and dynamic retail prices on electricity markets
Research output: Contribution to journal › Research article › Contributed › peer-review
Contributors
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 language | English |
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Pages (from-to) | 335-341 |
Number of pages | 7 |
Journal | Wirtschaftsinformatik |
Volume | 49 |
Issue number | 5 |
Publication status | Published - 2007 |
Peer-reviewed | Yes |
Externally published | Yes |
External IDs
ORCID | /0000-0001-7170-3596/work/142241622 |
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Keywords
ASJC Scopus subject areas
Keywords
- Combined heat and power, Electricity markets, Electricity prices, Load balancing, Power markets, Tariff creation