TY - GEN
T1 - Designing Taxes and Tariffs for Electricity Systems with Complex Flexible Actors
AU - Fausto, Felipe Junqueira
AU - Gunkel, Philipp Andreas
AU - Skytte, Klaus
AU - Bergaentzle, Claire
AU - McKenna, Russell
N1 - This paper was prepared as a part of the research project Flex4RES with support from Nordic Energy Research, for which we are thankful.
PY - 2019/9
Y1 - 2019/9
N2 - With new technologies blurring the line between generation and consumption in the electricity market, regulation must be re-Thought to adequately deal with increasingly complex flexible actors. The dissemination of distributed energy resources and the consequent rise in the elasticity of demand increase the pres-sure to reform distortive regulation. This paper develops grid tariffs and consumption taxes for the electricity market based on the advice of economic theory in order to preserve the incentives for flexible and grid-friendly behaviour, which will be crucial in future energy systems. This not only provides a guide to regulation design, but creates a benchmark against which proposed regulation can be compared.
AB - With new technologies blurring the line between generation and consumption in the electricity market, regulation must be re-Thought to adequately deal with increasingly complex flexible actors. The dissemination of distributed energy resources and the consequent rise in the elasticity of demand increase the pres-sure to reform distortive regulation. This paper develops grid tariffs and consumption taxes for the electricity market based on the advice of economic theory in order to preserve the incentives for flexible and grid-friendly behaviour, which will be crucial in future energy systems. This not only provides a guide to regulation design, but creates a benchmark against which proposed regulation can be compared.
KW - Energy policy
KW - Energy Storage
KW - Flexibility
KW - Power system Economics
UR - http://www.scopus.com/inward/record.url?scp=85076702685&partnerID=8YFLogxK
U2 - 10.1109/EEM.2019.8916293
DO - 10.1109/EEM.2019.8916293
M3 - Published conference contribution
AN - SCOPUS:85076702685
SN - 2165-4077
T3 - International Conference on the European Energy Market, EEM
SP - 1
EP - 6
BT - 16th International Conference on the European Energy Market, EEM 2019
PB - IEEE Computer Society
T2 - 16th International Conference on the European Energy Market, EEM 2019
Y2 - 18 September 2019 through 20 September 2019
ER -