The electricity market design for decentralized flexibility sources

Zheng, Xu

doi:10.26889/9781784671433

Cited by 11 publications

(7 citation statements)

References 36 publications

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“…Creating energy markets to support and ease the transition towards a distributed and RES-based power system is one crucial objective of the e-Directive and e-Regulation. In this sense, the CEP sees flexibility markets as vital to promote the widespread of new agents and technologies in the energy sector [12]. In the e-Directive, the role of aggregators and Energy Storage Systems (ESSs), is enhanced.…”

Section: Regulation Frameworkmentioning

confidence: 99%

RESOLVD: ICT services and energy storage for increasing renewable hosting capacity in LV distribution grids

Sumper

Plana-Olle

Girbau-Llistuella

et al. 2020

2020 12th International Conference and Exhibition on Electrical Power Quality and Utilisation- (EPQU)

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This article presents the H2020 project RESOLVD (Renewable Penetration Levered by Efficient LowVoltage Distribution Grids). The purpose of this project is to improve the efficiency of distribution networks at the same time while increasing the hosting capacity of distributed renewable generation by introducing flexibility by storage management and control in the low voltage grid. This paper collects the most significant insights from the RESOLVD project by summarizing the needs and expectations of the involved stakeholders to give a complete understanding of the context of the project. Subsequently, the RESOLVD technology is presented, both the software as well as the hardware solutions. Next, the existing and upcoming regulation initiatives are presented and analyzed. Finally, the conclusions of the project and recommendations to standardizing and regulatory bodies are provided.

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Section: Regulation Frameworkmentioning

confidence: 99%

RESOLVD: ICT services and energy storage for increasing renewable hosting capacity in LV distribution grids

Sumper

Plana-Olle

Girbau-Llistuella

et al. 2020

2020 12th International Conference and Exhibition on Electrical Power Quality and Utilisation- (EPQU)

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“…Therefore, the traditional energy consumers have been transformed into prosumers, i.e., active entities of the energy market that simultaneously consume, produce and share energy, depending on the regulatory framework, the weather and the operating conditions [4]. Prosumers may own multiple energy assets, primarily small-scale DERs for energy generation, and batteries or Electric Vehicles (EVs) for energy storage [5]. These trends reshape the conventional and centralized power system and eventually disrupt the existing energy system.…”

Section: Introductionmentioning

confidence: 99%

Local Energy Market-Consumer Digital Twin Coordination for Optimal Energy Price Discovery under Thermal Comfort Constraints

et al. 2023

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The upward trend of adopting Distributed Energy Resources (DER) reshapes the energy landscape and supports the transition towards a sustainable, carbon-free electricity system. The integration of Internet of Things (IoT) in Demand Response (DR) enables the transformation of energy flexibility, originated by electricity consumers/prosumers, into a valuable DER asset, thus placing them at the center of the electricity market. In this paper, it is shown how Local Energy Markets (LEM) act as a catalyst by providing a digital platform where the prosumers’ energy needs and offerings can be efficiently settled locally while minimizing the grid interaction. This paper showcases that the IoT technology, which enables control and coordination of numerous devices, further unleashes the flexibility potential of the distribution grid, offered as an energy service both to the LEM participants as well as the external grid. This is achieved by orchestrating the IoT devices through a Consumer Digital Twin (CDT), which facilitates the optimal adjustment of this flexibility according to the consumers’ thermal comfort level constraints and preferences. An integrated LEM-CDT platform is introduced, which comprises an optimal energy scheduler, accounts for the Renewable Energy System (RES) uncertainty, errors in load forecasting, Day-Ahead Market (DAM) feed in/out the tariff, and a fair price settling mechanism while considering user preferences. The results prove that IoT-enabled consumers’ participation in the energy markets through LEM is flexible, cost-efficient, and adaptive to the consumers’ comfort level while promoting both energy transition goals and social welfare. In particular, the paper showcases that the proposed algorithm increases the profits of LEM participants, lowers the corresponding operating costs, addresses efficiently the stochasticity of both energy demand and generation, and requires minimal computational resources.

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“…Here we observe a combination of country-level and regional analysis mainly limited to Europe, with pilots and business case initiatives, mainly concentrated on independent market platforms. A different group focuses on market design for flexibility from DER [19,20], and reviews the opportunities for DER across different electricity markets (ancillary services, system balancing and spot market) while others focus on the local market clearing methods used by distribution utilities [21] and stress the value of flexibility aggregation and optimal bidding [8,22,23]. Some others relate to P2P energy trading and blockchain [24][25][26][27][28][29].…”

Section: Introductionmentioning

confidence: 99%

How to Procure Flexibility Services within the Electricity Distribution System: Lessons from an International Review of Innovation Projects

Anaya

Pollitt

2021

Energies

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The aim of this paper is to analyse and evaluate the deployment of smart platforms (operated by distribution system operators—DSOs—or by independent parties) in key jurisdictions that facilitate the trading of flexibility services—primarily by DSOs. We look at key innovation projects/initiatives from seven jurisdictions, including Australia, France, Germany, Great Britain, Japan, The Netherlands and Norway. We have deliberately selected 13 use cases that operate under different regulatory frameworks and market rules, and have been recently implemented (from 2017 onwards). With the selection of key use cases this study seeks to discuss the different smart architecture solutions and main capabilities across different demonstrators and their relationship to business as usual. It also analyses flexibility market designs, identifies main characteristics, and compares different price formation schemes and procurement methods. The value of flexibility for DSOs is also discussed.

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The electricity market design for decentralized flexibility sources

Abstract: The contents of this paper are the author's sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members.

Cited by 11 publications

References 36 publications

RESOLVD: ICT services and energy storage for increasing renewable hosting capacity in LV distribution grids

RESOLVD: ICT services and energy storage for increasing renewable hosting capacity in LV distribution grids

Local Energy Market-Consumer Digital Twin Coordination for Optimal Energy Price Discovery under Thermal Comfort Constraints

How to Procure Flexibility Services within the Electricity Distribution System: Lessons from an International Review of Innovation Projects

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