ABSTRACT
This paper analyzes Local Energy Markets (LEMs) focusing on stakeholders and their objectives, the market design as well as potential synergies with grid services in order to derive design premises. A double sided, combinatorial auctioneer based design is proposed. Further requirements and design proposals will be analyzed within an ongoing project, which aims for the implementation of local energy markets.
- Melcolm, K. 2016. Electricity markets are broken -- can they be fixed?. The Oxford Institute for Energy StudiesGoogle Scholar
- Weinhardt, C., and Gimpel, H., Belmans R. 2007. Market Engineering:Google Scholar
- An Interdisciplinary Research Challenge. Dagstuhl Seminar Proceedings 06461. Internationales Begegnungs- und Forschungszentrum für Informatik(IBFI), Schloss Dagstuhl, Germany.Google Scholar
- Schreiber, M. Et Al: 2015: Flexible electricity tariffs: Power and energy price signals designed for a smarter grid, Elsevier: Energy 93Google Scholar
- Ramos, A. et al.: 2016, Realizing the smart grid's potential: Defining local markets for flexibility, Elsevier: Utilities Policy 40.Google Scholar
- Marzband, M., 2018. Experimental evaluation of a real time energy management system for stand-alone microgrids in day-ahead markets. Elsevier: Applied Energy.Google Scholar
- Zou, X., 2009. Double-sided auction mechanism design in electricity based on maximizing social welfare. Elsevier: Energy Policy..Google Scholar
- Meeus, L., and Verhaegen, K., Belmans R. 2009. Block order restrictions in combinatorial electric energy auctions. Elsevier: European Journal of Operational Research.Google Scholar
Index Terms
- Design Premises for Local Energy Markets
Recommendations
The Costs of Privacy in Local Energy Markets
CBI '13: Proceedings of the 2013 IEEE 15th Conference on Business InformaticsMany renewable sources for electricity generation are distributed and volatile by nature, and become inefficient and difficult to coordinate with traditional power transmission paths. As a part of the transition from fossil fuel to renewable sources, ...
Augmenting DER hosting capacity of distribution grids through local energy markets and dynamic phase switching
e-Energy '18: Proceedings of the Ninth International Conference on Future Energy SystemsThe limited capacity of distribution grids for hosting renewable generation is one of the main challenges towards the energy transition. Local energy markets, enabling direct exchange of energy between prosumers, help to integrate the growing number of ...
Comments