The regulation of critical technical functions in infrastructures
Dr. R.W. Künneke
Against this background the paper focuses on critical technical control mechanisms that are essential to guaranty the satisfactory technical functioning of the electricity infrastructure. These critical technical control mechanisms are subsequently related to different institutional arrangements that could effectively and efficiently support them. This approach is summarized by the following problem statement:
What are critical technical control mechanisms in the electricity system and how are they related to critical transactions that support the technical functioning of the system?
Based on this analysis it will be possible to pinpoint to specific mismatches between technological requirements and their supporting institutional arrangements. This contributes to a better understanding of the technological and institutional functions that are needed to support liberalized energy markets.