Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , , , , , |
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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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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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