By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Where Your Profits Grow Sky High.

Vienna University of Technology: the greenest electricity for little money

Marijke Welisch © Vienna University of Technology

Many countries already make use of the tool of alternative energy auctions. The energy economist Marijke Welisch of the Energy Economics Group at the Vienna University of Technology explored how such energy auctions work and how they can be managed to ensure optimal results. Awarded the Hannspeter Winter Prize of the Vienna University of Technology for her work on this. 

To proceed by offering the lowest prices is not the best strategy at energy auctions. Other variables such as the reliability of supply are also significant factors. From a political perspective, a successful energy auction must initially define which goals are to be pursued. “The round of bidding takes place in different intervals in the various countries. One should not look at them individually but remember that the results of a bidding round will have consequences for the next round”, Marijke Welisch explains. “The objective is continuity, and an expansion of renewable energy, which in turn benefits the entire system”, she concludes.

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • AAIC - Applied Artificial Intelligence Conference

    24.05.2022 - 25.05.2022, Online

  • Connect Day

    31.05.2022, Wien, Österreich

Austria Map

Find the perfect location for your company

Austria is well known for its social stability and excellent labor relations where strikes are measured only in seconds. As a global player, reliable deliveries are a top priority for us.

Opel Austria

Logo
More testimonials

news from the business location Austria

SAP Innovation Award 2022 granted to a software for energy communities

Each year SAP honours innovative software solutions through its renowned SAP Innovation Award. This year’s winners from the energy sector not only include the major players such as Netze BW GmbH, Avangrid, Engie and Bbox, but also a consortium in the DACH region which is pressing ahead with the energy transition on the basis of energy communities. It consists of the Swiss software producer Exnaton, the German SAP integrator best practice consulting and the Austrian utility Energie Burgenland.

The New Business Support Act
(Neugründungs-Förderungsgesetz - NeuFöG)

The New Business Support Act was translated to English. Read about the most important changes or get the entire translation.

More news All blog posts