Sustainable Electricity Market Design – Challenges, Existing Contributions and a Novel Approach

Author(s):
Blumberg, G.; Weber, C.; Schinke-Nendza, A.
Name of Event:
IAEE Podcast
Location:
https://www.iaee.org/en/podcasts/podcasts.aspx
Date:
09.10.2020
Keywords:
IAEE; Podcast; Electricity Market Design

Abstract

In this podcast, Gerald Blumberg, Christoph Weber and Aiko Schinke-Nendza discuss challenges and existing contributions to an improved sustainable electricity market design. Decarbonization and distributed energy resources are discussed as key drivers and the challenges for coordination in these times of digitization are highlighted. Specifically, a novel two-layer market design is proposed which contributes to solving some of the identified challenges.