Abstract
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.
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.
| Language | English |
|---|---|
| Date | 2016 |
| Number of pages | 29 |
| State | Published - 2016 |
| Event | The 6th Latin American and European Meeting on Organizational Studies. LAEMOS 2016 - Vina del Mar, Chile Duration: 6 Apr 2016 → 9 Apr 2016 Conference number: 6 http://www.egosnet.org/laemos_2016 |
Conference
| Conference | The 6th Latin American and European Meeting on Organizational Studies. LAEMOS 2016 |
|---|---|
| Number | 6 |
| Country | Chile |
| City | Vina del Mar |
| Period | 06/04/2016 → 09/04/2016 |
| Internet address |
Bibliographical note
CBS Library does not have access to the material
Cite this
}
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 conference › Paper › Research › peer-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
ER -