Description
Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future.- Delineates key components shaping the design and implementation of local electricity market structure- Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion- Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors- Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities- Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation
Table of Contents
Part I Distributed energy resources as enablers of local electricity markets1. New electricity markets. The challenges of variable renewable energyAna Estanqueiro and António Couto2. Integration of electric vehicles in local energy marketsJosé Almeida and João Soares3. From wholesale energy markets to local flexibility markets: structure, models and operationFernando Lopes4. From the smart grid to the local electricity marketFernando Lezama, Tiago Pinto, Zita Vale, Gabriel Santos and Steve WidergrenPart II Local market models and opportunities5. Local market modelsAmin Shokri Gazafroudi, Hosna Khajeh, Miadreza Shafie-khah, Hannu Laaksonen and Juan Manuel Corchado6. Peer-to-peer energy platformsLiyang Han, Thomas Morstyn and Malcolm D. McCulloch7. Transmission system operator and distribution system operator interactionHugo Gabriel Morais Valente, E. Lambert and J. Cantenot8. Local electricity markets—practical implementationsRicardo Faia, Fernando Lezama and Juan Manuel CorchadoPart III Enablers for local electricity markets9. Local energy markets, commercially available toolsJan Segerstam10. Distributed energy resource management systemQuoc Tuan Tran, Van Hoa Nguyen, Ngoc An Luu and Elvira Amicarelli11. Modeling, simulation, and decision supportDanial Esmaeili Aliabadi, Emre Çelebi, Murat Elhüseyni and Güvenç Sahin12. Blockchain as messaging infrastructure for smart gridsIván S. Razo-Zapata and Mihail Mihaylov13. Load profiling revisited: prosumer profiling for local energy marketsGianfranco Chicco and Andrea Mazza14. ForecastingElena Mocanu, Decebal Constantin Mocanu, Nikolaos G. Paterakis and Madeleine Gibescu15. Mathematical models and optimization techniques to support local electricity marketsJohn Fredy Franco, Leonardo H. Macedo, Nataly Bañol Arias, Alejandra Tabares, Rubén Romero and João SoaresPart IV Regulatory framework: Current trends and future Perspectives16. An economic analysis of market design: Local energy markets for energy and grid servicesL. Lynne Kiesling17. South American Markets—regulatory framework: current trends and future prospects in South AmericaRubipiara C. Fernandes, Edison A.C. Aranha Neto and Fabrício Y.K. Takigawa18. Electricity markets and local electricity markets in EuropeZita Vale, Débora de São José and Tiago Pinto19. Local electricity markets: regulation, opportunities, and challenges in theUnited KingdomKarim L. Anaya20. Competition and restructuring of the South African electricity marketKomla Agbenyo Folly21. Asia electricity marketsPanhong Cheng and Yan Gao22. Current trends and perspectives in AustraliaAlan MoranConclusions and paths for future research and development
