Analysis of New Flexibility Market Models in Europe
To identify the trends in new flexibility markets, a set of market and aggregator platforms were selected and compared. The analyzed initiatives are relevant to consider alternative designs for European electricity markets. This review proposes a common methodology for analyzing these market models...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-06-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/14/12/3521 |
| _version_ | 1797530279868366848 |
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| author | Orlando Valarezo Tomás Gómez José Pablo Chaves-Avila Leandro Lind Mauricio Correa David Ulrich Ziegler Rodrigo Escobar |
| author_facet | Orlando Valarezo Tomás Gómez José Pablo Chaves-Avila Leandro Lind Mauricio Correa David Ulrich Ziegler Rodrigo Escobar |
| author_sort | Orlando Valarezo |
| collection | DOAJ |
| description | To identify the trends in new flexibility markets, a set of market and aggregator platforms were selected and compared. The analyzed initiatives are relevant to consider alternative designs for European electricity markets. This review proposes a common methodology for analyzing these market models by comparing their description, market structure, market timing, and implementation. Furthermore, a range of policy implications and future research directions towards implementing these markets are presented. The results provide compelling evidence that the new market models represent a promising business with technical and economic justification, as they incentivize the uptake of flexibility from distributed resources by providing services to Distribution System Operators (DSOs) in coordination with Transmission System Operators (TSOs). Moreover, the interactions between these new market platforms and existing markets are of particular interest, and the contributions from aggregator platforms are also relevant to enhance the political vision of empowering the customers through their active participation in markets. |
| first_indexed | 2024-03-10T10:26:47Z |
| format | Article |
| id | doaj.art-dacf9cb01467448094b43ae54b831885 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T10:26:47Z |
| publishDate | 2021-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-dacf9cb01467448094b43ae54b8318852023-11-21T23:58:10ZengMDPI AGEnergies1996-10732021-06-011412352110.3390/en14123521Analysis of New Flexibility Market Models in EuropeOrlando Valarezo0Tomás Gómez1José Pablo Chaves-Avila2Leandro Lind3Mauricio Correa4David Ulrich Ziegler5Rodrigo Escobar6Institute for Research in Technology (IIT), ICAI School of Engineering, Comillas Pontifical University, 28015 Madrid, SpainInstitute for Research in Technology (IIT), ICAI School of Engineering, Comillas Pontifical University, 28015 Madrid, SpainInstitute for Research in Technology (IIT), ICAI School of Engineering, Comillas Pontifical University, 28015 Madrid, SpainInstitute for Research in Technology (IIT), ICAI School of Engineering, Comillas Pontifical University, 28015 Madrid, SpainInstitute for Research in Technology (IIT), ICAI School of Engineering, Comillas Pontifical University, 28015 Madrid, SpainInstitute for Research in Technology (IIT), ICAI School of Engineering, Comillas Pontifical University, 28015 Madrid, SpainIberian Electricity Market Operator—OMIE, 28014 Madrid, SpainTo identify the trends in new flexibility markets, a set of market and aggregator platforms were selected and compared. The analyzed initiatives are relevant to consider alternative designs for European electricity markets. This review proposes a common methodology for analyzing these market models by comparing their description, market structure, market timing, and implementation. Furthermore, a range of policy implications and future research directions towards implementing these markets are presented. The results provide compelling evidence that the new market models represent a promising business with technical and economic justification, as they incentivize the uptake of flexibility from distributed resources by providing services to Distribution System Operators (DSOs) in coordination with Transmission System Operators (TSOs). Moreover, the interactions between these new market platforms and existing markets are of particular interest, and the contributions from aggregator platforms are also relevant to enhance the political vision of empowering the customers through their active participation in markets.https://www.mdpi.com/1996-1073/14/12/3521aggregatorselectricity marketdistributed energy resourcesdistribution system operatorsflexibilitylocal markets |
| spellingShingle | Orlando Valarezo Tomás Gómez José Pablo Chaves-Avila Leandro Lind Mauricio Correa David Ulrich Ziegler Rodrigo Escobar Analysis of New Flexibility Market Models in Europe Energies aggregators electricity market distributed energy resources distribution system operators flexibility local markets |
| title | Analysis of New Flexibility Market Models in Europe |
| title_full | Analysis of New Flexibility Market Models in Europe |
| title_fullStr | Analysis of New Flexibility Market Models in Europe |
| title_full_unstemmed | Analysis of New Flexibility Market Models in Europe |
| title_short | Analysis of New Flexibility Market Models in Europe |
| title_sort | analysis of new flexibility market models in europe |
| topic | aggregators electricity market distributed energy resources distribution system operators flexibility local markets |
| url | https://www.mdpi.com/1996-1073/14/12/3521 |
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