European Energy Market 2014

Mario Gstrein has held a highly acclaimed contribution titled "The Changing Decision Patterns of the Consumer in a Decentralized Smart Grid“ at the 11th International Conference on the European Energy Market 2014 (EEM14), Krakow, Poland. The conference is supported among others by IEEE and PES. In the paper an essential decision-making pattern of consumers is defined on the basis of the potential of self-generated and self-stored electricity (PV without immediate feed-in).

Thus, the prosumer is given a creative leeway in dealing with electricity. This means that in times of energy surplus the prosumer is risk averse in his decisions while during the off-peak times he acts in a risk-seeking manner.

Reference:
M. Gstrein and S. Teufel, „The Changing Decision Patterns of the Consumer in a Decentralized Smart Grid,” Proc. 11th Int. Conference on the European Energy Market (EEM14), Krakow, Poland, 2014.
S. Teufel and B. Teufel, “The Crowd Energy Concept”, Proc. 4th International Conference on Smart Grid and Clean Energy Technologies (ICSGCE2014), Sharjah, UAE, 2014.