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DOI: 10.5445/IR/1000076941

Intermediation in Future Energy Markets: Innovative Product Design and Pricing

Salah El Din, Florian

Abstract:
In order to mitigate the impacts of climate change, the international community envisages significant investments in electricity generation from renewable energy sources (RES). The integration of this decentralized and fluctuating type electricity generation poses several challenges to planning, operation, and economics of power systems. The established energy systems were originally designed for a centralized electricity generation that follows the uncontrolled but well predictable demand. However, for large shares of RES, relying only on the flexibility of the generation side would be economically inefficient. Furthermore, the environmental benefits of using RES would be depleted by additional carbon emissions from ramping highly flexible fossil-fueled power plants. An appealing alternative to facilitate the efficient integration of large shares of RES is to exploit the so far mainly passive demand side as an additional source of flexibility. The established centralized approaches can hardly handle the fine-grained and decentralized nature of demand side flexibility. Therefore, the intermediation between centralized control and de ... mehr


Zugehörige Institution(en) am KIT Institut für Informationswirtschaft und Marketing (IISM)
Publikationstyp Hochschulschrift
Jahr 2017
Sprache Englisch
Identifikator URN: urn:nbn:de:swb:90-769413
KITopen ID: 1000076941
Verlag Karlsruhe
Umfang XIII, 198 S.
Abschlussart Dissertation
Fakultät Fakultät für Wirtschaftswissenschaften (WIWI)
Institut Institut für Informationswirtschaft und Marketing (IISM)
Prüfungsdatum 14.09.2017
Referent/Betreuer Prof. C. Weinhardt
Schlagworte Intermediation, Energy Markets, Product Design, Pricing, Demand Response, Demand Side Management, Renewable Energy Sources, Flexibility, Product Differentiation, Morphological Approach, Optimization, Deadline Differentiated Pricing, Empirical Simulation, Bi-level Optimization, Multi-stage Optimization
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