Electricity Markets in a Time of Change: A Call to Arms for Business Research

• DOI: 10.1007/s41471-021-00126-4
• Publication Date: 2022-01-05T12:03:22Z
• Authors: Martin Bichler; Hans Ulrich Buhl; Johannes Knörr; Felipe Maldonado; Paul Schott; Stefan Waldherr; Martin Weibelzahl
• Keywords: Energy transition; Electricity retailing

Abstract Europe’s clean energy transition is imperative to combat climate change and represents an economic opportunity become independent of fossil fuels. As such, the has one most important, but also challenging societal projects today. Electricity systems past were characterized by price-inelastic demand only a small number large electricity generators. The towards intermittent renewable sources changes this very paradigm. Future will consist many thousands generators consumers that actively participate in markets, offering flexibility balance variable supply markets with high spatial temporal resolution. These structural have ample consequences for market operators, generators, industrial as well prosumers. While body literature devoted engineering natural sciences, it received relatively little attention recent business research literature, even though central challenges successful are at core research. Therefore, we provide up-to-date overview key questions design discuss how lead new disciplines such accounting, & information engineering, finance, marketing, operations management, research, risk management.