What may future electricity markets look like?
File(s)
Published version
Author(s)
Pinson, Pierre
Type
Journal Article
Abstract
Should the organization, design and functioning of electricity markets be taken for granted? Definitely not. While decades of evolution of electricity markets in countries that committed early to restructure their electric power sector made us believe that we may have found the right and future-proof model, the substantially and rapidly evolving context of our power and energy systems is challenging this idea in many ways. Actually, that situation brings both challenges and opportunities. Challenges include accommodation of renewable energy generation, decentralization and support to investment, while opportunities are mainly that advances in technical and social sciences provide us with many more options in terms of future market design. We here take a holistic point of view, by trying to understand where we are coming from with electricity markets and where we may be going. Future electricity markets should be made fit for purpose by considering them as a way to organize and operate a socio-techno-economic system.
Date Issued
2023-05
Date Acceptance
2023-02-13
Citation
Journal of Modern Power Systems and Clean Energy, 2023, 11 (3), pp.705-713
ISSN
2196-5625
Publisher
IEEE
Start Page
705
End Page
713
Journal / Book Title
Journal of Modern Power Systems and Clean Energy
Volume
11
Issue
3
Copyright Statement
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/).
License URL
Identifier
https://ieeexplore.ieee.org/document/10049815
Publication Status
Published
Date Publish Online
2023-02-22