2021
DOI: 10.47568/5xr120
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Impact of Local Energy Markets Integration in Power Systems Layer: A Comprehensive Review

Abstract: In recent years extensive research has been conducted on the development of different models that enable energy trading between prosumers and consumers due to expected high integration of distributed energy resources. Some of the most researched mechanisms include Peer-to-Peer energy trading, Community Self-Consumption and Transactive Energy Models. Here, we present an exhaustive review of existing research around Local Energy Market integration into distribution systems, in particular benefits and challenges … Show more

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Cited by 10 publications
(6 citation statements)
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“…Even though a wide range of literature already exist on LEMs, energy communities, and peer-to-peer trading [5,8,9], a quantitative analysis on their system impacts is yet to be performed. Previous work has mainly been concerned with the integration of LEMs into the distribution grid and less focused on the wholesale and transmission system [10,11].…”
Section: State Of the Art On System Impact Of Lemsmentioning
confidence: 99%
See 2 more Smart Citations
“…Even though a wide range of literature already exist on LEMs, energy communities, and peer-to-peer trading [5,8,9], a quantitative analysis on their system impacts is yet to be performed. Previous work has mainly been concerned with the integration of LEMs into the distribution grid and less focused on the wholesale and transmission system [10,11].…”
Section: State Of the Art On System Impact Of Lemsmentioning
confidence: 99%
“…However, no pan-European simulation of wholesale markets and grid calculations have been carried out in these studies. In general, quantitative studies on the impact of LEMs on transmission systems are not yet widely researched [10]. First studies on system impacts of regional trading have been carried out in [15] as part of the research project C/sells.…”
Section: State Of the Art On System Impact Of Lemsmentioning
confidence: 99%
See 1 more Smart Citation
“…Authors in Ref. [17][18][19] have looked into the different techniques of incorporating physical network constraints in the study of LEM. Network constraints can be included in the market formulation as AC branch flow equations [20,21], or linearised DC approximation [22,23].…”
Section: Introductionmentioning
confidence: 99%
“…TE systems can also enable the administration of peer-to-peer (P2P) trading and local energy markets (LEM) in smart grids by employing devices with their own objectives and decision-making capabilities. A LEM can be used in a close community of prosumers and consumers which share a market platform for trading locally produced energy (Dudjak et al 2021).…”
mentioning
confidence: 99%