Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets

Detalhes bibliográficos
Autor(a) principal: Annala, Salla
Data de Publicação: 2021
Outros Autores: Klein, Lurian, Matos, Luisa, Repo, Sirpa, Kilkki, Olli, Narayanan, Arun, Honkapuro, Samuli
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10316/103879
https://doi.org/10.3390/en14113229
Resumo: Peer-to-peer (P2P) electricity sharing or trading can empower consumers and prosumers, incentivize the balancing of generation and demand locally, increase system resilience and reliability, and help in achieving societal goals, such as increasing renewable energy penetration. Nevertheless, the development of P2P trading in actual environments has been slow due to the unclear position of P2P markets in the power system. Recent developments in the European legislation are promising for the establishment of P2P markets and energy communities. Hence, the interplay between local trading and existing market structures needs to be addressed carefully. Furthermore, P2P trading with distributed resources presumes that electricity end users will become active players in the power system. This paper proposes a bidding and pricing mechanism for local markets, considering the external markets; a new approach to balance settlement and balance responsibility when local trading occurs; and an interface to promote end-user interest in, and interactions with, local energy trading. The proposed local market concept and interface solution promote the coupling between local and existing retail, wholesale and ancillary service markets, and can be seen as a step towards the establishment of local energy markets in real-life settings.
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spelling Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Marketspeer-to-peer electricity tradinglocal energy marketenergy communitybalance responsibilityend-user interfacedemand responsePeer-to-peer (P2P) electricity sharing or trading can empower consumers and prosumers, incentivize the balancing of generation and demand locally, increase system resilience and reliability, and help in achieving societal goals, such as increasing renewable energy penetration. Nevertheless, the development of P2P trading in actual environments has been slow due to the unclear position of P2P markets in the power system. Recent developments in the European legislation are promising for the establishment of P2P markets and energy communities. Hence, the interplay between local trading and existing market structures needs to be addressed carefully. Furthermore, P2P trading with distributed resources presumes that electricity end users will become active players in the power system. This paper proposes a bidding and pricing mechanism for local markets, considering the external markets; a new approach to balance settlement and balance responsibility when local trading occurs; and an interface to promote end-user interest in, and interactions with, local energy trading. The proposed local market concept and interface solution promote the coupling between local and existing retail, wholesale and ancillary service markets, and can be seen as a step towards the establishment of local energy markets in real-life settings.MDPI2021info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10316/103879http://hdl.handle.net/10316/103879https://doi.org/10.3390/en14113229eng1996-1073Annala, SallaKlein, LurianMatos, LuisaRepo, SirpaKilkki, OlliNarayanan, ArunHonkapuro, Samuliinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2022-12-06T21:39:38Zoai:estudogeral.uc.pt:10316/103879Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:20:38.720897Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
title Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
spellingShingle Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
Annala, Salla
peer-to-peer electricity trading
local energy market
energy community
balance responsibility
end-user interface
demand response
title_short Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
title_full Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
title_fullStr Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
title_full_unstemmed Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
title_sort Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
author Annala, Salla
author_facet Annala, Salla
Klein, Lurian
Matos, Luisa
Repo, Sirpa
Kilkki, Olli
Narayanan, Arun
Honkapuro, Samuli
author_role author
author2 Klein, Lurian
Matos, Luisa
Repo, Sirpa
Kilkki, Olli
Narayanan, Arun
Honkapuro, Samuli
author2_role author
author
author
author
author
author
dc.contributor.author.fl_str_mv Annala, Salla
Klein, Lurian
Matos, Luisa
Repo, Sirpa
Kilkki, Olli
Narayanan, Arun
Honkapuro, Samuli
dc.subject.por.fl_str_mv peer-to-peer electricity trading
local energy market
energy community
balance responsibility
end-user interface
demand response
topic peer-to-peer electricity trading
local energy market
energy community
balance responsibility
end-user interface
demand response
description Peer-to-peer (P2P) electricity sharing or trading can empower consumers and prosumers, incentivize the balancing of generation and demand locally, increase system resilience and reliability, and help in achieving societal goals, such as increasing renewable energy penetration. Nevertheless, the development of P2P trading in actual environments has been slow due to the unclear position of P2P markets in the power system. Recent developments in the European legislation are promising for the establishment of P2P markets and energy communities. Hence, the interplay between local trading and existing market structures needs to be addressed carefully. Furthermore, P2P trading with distributed resources presumes that electricity end users will become active players in the power system. This paper proposes a bidding and pricing mechanism for local markets, considering the external markets; a new approach to balance settlement and balance responsibility when local trading occurs; and an interface to promote end-user interest in, and interactions with, local energy trading. The proposed local market concept and interface solution promote the coupling between local and existing retail, wholesale and ancillary service markets, and can be seen as a step towards the establishment of local energy markets in real-life settings.
publishDate 2021
dc.date.none.fl_str_mv 2021
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10316/103879
http://hdl.handle.net/10316/103879
https://doi.org/10.3390/en14113229
url http://hdl.handle.net/10316/103879
https://doi.org/10.3390/en14113229
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1996-1073
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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