• Description:

    The 2022 energy crisis in Europe painfully illustrated that current electricity markets leave consumers exposed to extreme price risks. Even in a future electricity system free of fossil fuels, prolonged periods without wind and sun may lead to extreme electricity prices, which consumers are unable to hedge in current retail electricity markets. At the same time, capturing the value of consumer flexibility typically requires exposing them to short-term, volatile price signals, further contributing to their risk exposure.

    In this PhD, we focus on a key challenge in the design of consumer-centric electricity markets: how do we allow consumers to hedge their long-term price risk, while providing sufficient incentives for operational efficiency and investments through real-time electricity price signals?

    To address this question, you will develop state-of-the-art equilibrium models to capture market clearing and price formation processes, market distortions and policy interventions, as well as consumer behavior. The focus will be on consumer attitudes, preferences and potential bounded rationality, as well as institutional arrangements that influence consumers’ decision making. You will advance state-of-the-art market design concepts, such as capacity subscriptions and affordability options, tailored to the needs of small-scale consumers.

    Qualifications 

    • Masters degree in science, engineering or economics (must have been awarded by the agreed-upon starting date of the PhD).
    •  Strong quantitative and analytical skills.
    •  Very good written and spoken communication skills in English (Dutch is not required).
    •  Eligible applicants must not have lived in the Netherlands for more than 12 of the last 36 months.

     

     

  • Fields

    • Economics

    • Engineering

    • Science

  • Qualifications

    • Master

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