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SUMMARY:Long Term Electricity Market Design: Pricing Quality? - Hannes Wei
 gt (Universität Basel)
DTSTART:20190318T163000Z
DTEND:20190318T171500Z
UID:TALK121159@talks.cam.ac.uk
CONTACT:INI IT
DESCRIPTION:Future electricity market design needs to address a set of cha
 llenges to provide for efficient investment\, supply and consumption decis
 ions. The objective of this paper is to sketch those problems and challeng
 es embedded along the electricity value chain and identify how they are al
 tered when shifting from a pre-dominantly centralized nuclear and fossil s
 ystem towards a system with a mix of central and decentralized elements as
  well as a high share of intermittent renewable generation. Of particular 
 concern is the mismatch of incentive structures (i.e. between highly dynam
 ic wholesale markets setting incentives for large scale investors and aver
 age tariff structures on the end user side setting incentives for prosumer
 s) as well as the security of supply dimension (i.e. shifting from a publi
 c good character within regulated systems towards a potential private good
  in a system characterized by smart control structures). Based on those st
 ructures we aim to derive potential market and price setting designs suite
 d for a future electricity market. Frank C. Krysiak and Hannes Weigt
LOCATION:Seminar Room 1\, Newton Institute
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