Engineering Electricity Markets for a Decarbonized Energy System

Rasmus Ploug Jenle, Trine Pallesen

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

Decarbonization of the Danish electricity sector has recently been sought
achieved through the introduction of a novel retail electricity market, named
EcoGrid, designed to create price responsive consumers. By following the
market design process undertaken by engineers at the Technical University of
Denmark, the analysis addresses the question: how do engineers make
markets? The answer to this question as presented here is: engineers design
control systems. By tracing the origins of EcoGrid, this paper documents the
governing of electricity consumers through a ‘synthetic market’, i.e. a market
artifact devised to attain specified objectives within a specific task
environment. It is shown that EcoGrid has been designed by modelling a retail
electricity market on three different concepts from control systems engineering.
These findings are used as a springboard to discuss the implications of
introducing synthetic markets as means of governance.
Decarbonization of the Danish electricity sector has recently been sought
achieved through the introduction of a novel retail electricity market, named
EcoGrid, designed to create price responsive consumers. By following the
market design process undertaken by engineers at the Technical University of
Denmark, the analysis addresses the question: how do engineers make
markets? The answer to this question as presented here is: engineers design
control systems. By tracing the origins of EcoGrid, this paper documents the
governing of electricity consumers through a ‘synthetic market’, i.e. a market
artifact devised to attain specified objectives within a specific task
environment. It is shown that EcoGrid has been designed by modelling a retail
electricity market on three different concepts from control systems engineering.
These findings are used as a springboard to discuss the implications of
introducing synthetic markets as means of governance.

Conference

ConferenceThe 6th Latin American and European Meeting on Organizational Studies. LAEMOS 2016
Number6
CountryChile
CityVina del Mar
Period06/04/201609/04/2016
Internet address

Bibliographical note

CBS Library does not have access to the material

Cite this

Jenle, R. P., & Pallesen, T. (2016). Engineering Electricity Markets for a Decarbonized Energy System. Paper presented at The 6th Latin American and European Meeting on Organizational Studies. LAEMOS 2016, Vina del Mar, Chile.
Jenle, Rasmus Ploug ; Pallesen, Trine. / Engineering Electricity Markets for a Decarbonized Energy System. Paper presented at The 6th Latin American and European Meeting on Organizational Studies. LAEMOS 2016, Vina del Mar, Chile.29 p.
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Jenle, RP & Pallesen, T 2016, 'Engineering Electricity Markets for a Decarbonized Energy System' Paper presented at, Vina del Mar, Chile, 06/04/2016 - 09/04/2016, .

Engineering Electricity Markets for a Decarbonized Energy System. / Jenle, Rasmus Ploug; Pallesen, Trine.

2016. Paper presented at The 6th Latin American and European Meeting on Organizational Studies. LAEMOS 2016, Vina del Mar, Chile.

Research output: Contribution to conferencePaperResearchpeer-review

TY - CONF

T1 - Engineering Electricity Markets for a Decarbonized Energy System

AU - Jenle,Rasmus Ploug

AU - Pallesen,Trine

N1 - CBS Library does not have access to the material

PY - 2016

Y1 - 2016

N2 - Decarbonization of the Danish electricity sector has recently been soughtachieved through the introduction of a novel retail electricity market, namedEcoGrid, designed to create price responsive consumers. By following themarket design process undertaken by engineers at the Technical University ofDenmark, the analysis addresses the question: how do engineers makemarkets? The answer to this question as presented here is: engineers designcontrol systems. By tracing the origins of EcoGrid, this paper documents thegoverning of electricity consumers through a ‘synthetic market’, i.e. a marketartifact devised to attain specified objectives within a specific taskenvironment. It is shown that EcoGrid has been designed by modelling a retailelectricity market on three different concepts from control systems engineering.These findings are used as a springboard to discuss the implications ofintroducing synthetic markets as means of governance.

AB - Decarbonization of the Danish electricity sector has recently been soughtachieved through the introduction of a novel retail electricity market, namedEcoGrid, designed to create price responsive consumers. By following themarket design process undertaken by engineers at the Technical University ofDenmark, the analysis addresses the question: how do engineers makemarkets? The answer to this question as presented here is: engineers designcontrol systems. By tracing the origins of EcoGrid, this paper documents thegoverning of electricity consumers through a ‘synthetic market’, i.e. a marketartifact devised to attain specified objectives within a specific taskenvironment. It is shown that EcoGrid has been designed by modelling a retailelectricity market on three different concepts from control systems engineering.These findings are used as a springboard to discuss the implications ofintroducing synthetic markets as means of governance.

M3 - Paper

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Jenle RP, Pallesen T. Engineering Electricity Markets for a Decarbonized Energy System. 2016. Paper presented at The 6th Latin American and European Meeting on Organizational Studies. LAEMOS 2016, Vina del Mar, Chile.