The energy transition encompasses the social and technological transformation towards a more sustainable energy system. Decentralized energy generation based on renewable energy sources and electric mobility are gaining importance. The successful decentralization of the energy system, thus, requires appropriate organizational, economic and technological solutions.
Through the design of algorithms and economic mechanisms, as well as the formulation of optimization approaches and the determination of their solutions, we meet the challenges of the energy transition. Furthermore, we analyze the consequences of regulatory interventions in network industries in the energy sector. The central idea incorporates a system design along the energy economic trilemma of security of supply, efficiency and sustainability, which integrates the current technological and economic changes.
Considerations about shifting the predominant market design towards regional energy markets take a central role in our approaches. Our research results show the economic potentials associated with emergent information technology in smart grids. Furthermore, we derive requirements for the constructive design of energy markets, systems, and services, and outline the necessary regulatory framework.
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philipp staudt∂kit edu