Abstract
Flexibility markets are novel markets that allow distributed energy resources to remunerate changes in their baseline electricity consumption/production profiles. Given the pioneer status of these markets, the number of trades performed is still relatively small, not allowing for a detailed analysis of the quantities traded and the price formation mechanisms. The use of agent-based simulation tools is a promising approach to accurately model and analyze the behavior of flexibility markets, allowing for a more detailed understanding of the behavior of the agents and the transaction prices. In this paper, we carry out a systematic survey of ongoing flexibility markets projects. We then proceed to describe our ongoing work to develop a local flexibility market, by extending the MATREM system. Finally, we describe a forthcoming study to be carried out with the help of MATREM and involving scenarios related to the Iberian market.
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Acknowledgements
This work was developed and supported by FCT Fundação para a Ciência e a Tecnologia (CTS multiannual funding) under the framework of project (2020–2023) UIDB/00066/2020.
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Morais, J., Lopes, F., Pronto, A. (2021). Analysis and Simulation of Local Flexibility Markets: Preliminary Report. In: De La Prieta, F., El Bolock, A., Durães, D., Carneiro, J., Lopes, F., Julian, V. (eds) Highlights in Practical Applications of Agents, Multi-Agent Systems, and Social Good. The PAAMS Collection. PAAMS 2021. Communications in Computer and Information Science, vol 1472. Springer, Cham. https://doi.org/10.1007/978-3-030-85710-3_17
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DOI: https://doi.org/10.1007/978-3-030-85710-3_17
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