Titlebar

Export bibliographic data
Literature by the same author
plus on the publication server
plus at Google Scholar

 

Systemic Risks in Electricity Systems : A Perspective on the Potential of Digital Technologies

Title data

Körner, Marc-Fabian ; Sedlmeir, Johannes ; Weibelzahl, Martin ; Fridgen, Gilbert ; Heine, Moreen ; Neumann, Christoph:
Systemic Risks in Electricity Systems : A Perspective on the Potential of Digital Technologies.
In: Energy Policy. Vol. 164 (2022) . - No. 112901.
ISSN 0301-4215
DOI: https://doi.org/10.1016/j.enpol.2022.112901

Official URL: Volltext

Project information

Project title:
Project's official titleProject's id
Projektgruppe WI BLockchain-LaborNo information
Projektgruppe WI Nachhaltiges Energiemanagement & MobilitätNo information

Abstract in another language

In the last decades, several developments have transformed electricity systems in Europe towards liberalized and decentralized systems that are coupled inter-sectorally and inter-regionally. These developments have yielded various significant benefits, such as increased efficiency and robustness. However, we argue that they have also caused new interdependencies and complexity with a corresponding increase in associated systemic risks, e.g., local failures may spread faster and more extensively throughout the system. In this paper, we illustrate how systemic risks may arise in European electricity systems by discussing three exemplary developments. We also discuss the decisive role of the digital transformation that, on the one hand, speeds up the transition of electricity systems and challenges electricity systems’ stability through rapid change, but on the other hand may also provide solutions to tackle systemic risks. We argue that, especially in a strongly interconnected world, policymakers must implement a global perspective on these critical and increasingly complex systems, requiring adequate cooperation with respect to data. Using an exemplary case from Germany, we finally illustrate how an intensified data exchange may help to address systemic risks. In this context, we draw a perspective on the potential of emerging digital technologies, like self-sovereign identities, blockchains, and privacy-enhancing technologies.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Blockchain; Energy informatics; Privacy-enhancing technologies; Renewable energy sources; Self-sovereign identities; Systemic risks
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professor Information Systems and Digital Energy Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professor Information Systems and Digital Energy Management > Professor Information Systems and Digital Energy Management - Univ.-Prof. Dr. Jens Strüker
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 30 Mar 2022 07:19
Last Modified: 30 Mar 2022 08:37
URI: https://eref.uni-bayreuth.de/id/eprint/69064