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.
Original languageEnglish
Publication date2016
Number of pages29
Publication statusPublished - 2016
EventThe 6th Latin American and European Meeting on Organizational Studies. LAEMOS 2016 - Vina del Mar, Chile
Duration: 6 Apr 20169 Apr 2016
Conference number: 6
http://www.egosnet.org/laemos_2016

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

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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.