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Energy Markets

Mitigating the negative impacts of climate change requires bold actions within the energy sector: With 65% of global energy consumption originating from fossil resources, the energy sector substantially contributes to greenhouse gas emissions and hence, accelerates climate change. For that reason, we observe a transformation of the energy landscape from conventional to renewable generation all over the planet. But this change does not come easy as energy in general, and electricity in particular are very complex economic goods. Digitization, smart and information systems play a crucial role in this process.

Not only do smart and digital systems facilitate this transformation. They also change the way stakeholders interact with one another, resulting in a new understanding of energy as a commodity, service or good. For example, digitization and information systems allow us to get in immediate interaction with consumers, allowing us to understand their preferences at very low cost and hence, open up new business and economic opportunities

We are on the brink of updating our understanding of energy and information systems are key in making sense of this change.

Scientific Publications

Avci, E., Ketter, W., & Heck, E. V. (2018). Managing electricity price modeling risk via ensemble forecasting: The case of TurkeyEnergy Policy, 123, 390-403. 

Koolen, D., Qiu, L., Ketter, W., & Gupta, A. (2018). The Sustainability Tipping Point in Electricity Markets. Paper presented at 38th International Conference on Information Systems: Transforming Society with Digital Innovation, ICIS 2017, Seoul, Korea, Republic of.