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Title: Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets
Authors: Annala, Salla
Klein, Lurian 
Matos, Luisa
Repo, Sirpa
Kilkki, Olli
Narayanan, Arun
Honkapuro, Samuli
Keywords: peer-to-peer electricity trading; local energy market; energy community; balance responsibility; end-user interface; demand response
Issue Date: 2021
Publisher: MDPI
Project: European Commission Horizon 2020program, grant number 771066 
Serial title, monograph or event: Energies
Volume: 14
Issue: 11
Abstract: 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.
ISSN: 1996-1073
DOI: 10.3390/en14113229
Rights: openAccess
Appears in Collections:FCTUC Eng.Mecânica - Artigos em Revistas Internacionais

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