Abstract
In recent years increasing shares of variable renewable energy sources (RES) have changed the structure of electricity markets in several countries. The core objective of this paper is to provide insights into the conditions necessary to bring about a more democratic and sustainable electricity system by integrating even larger quantities of variable RES. Our major finding is that a market-based approach would ensure that competitive forces rather than governmental interferences – such as capacity mechanisms – shape the future of the electricity markets. This transition towards a competitive and sustainable future electricity system will be based on an approach of “new thinking” which requires a paradigm shift in the whole electricity system. This includes switching to a more flexible and smarter concept allowing a greater scope for demand participation, storage options and other flexibility measures.
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Haas, R., Auer, H. (2019). On New Thinking and Designs of Electricity Markets. In: Haas, R., Mez, L., Ajanovic, A. (eds) The Technological and Economic Future of Nuclear Power. Energiepolitik und Klimaschutz. Energy Policy and Climate Protection. Springer VS, Wiesbaden. https://doi.org/10.1007/978-3-658-25987-7_18
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DOI: https://doi.org/10.1007/978-3-658-25987-7_18
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