TY - GEN
T1 - Analysis and Simulation of Local Flexibility Markets
T2 - International Conference on Practical Applications of Agents and Multi-Agent Systems, PAAMS 2021
AU - Morais, Jorge
AU - Lopes, Fernando
AU - Pronto, Anabela
N1 - Funding Information:
info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F00066%2F2020/PT#
Funding Information:
PICLO FLEX. The UK based software company Piclo started operation in the energy sector in 2013 [11]. The Piclo Flex market was developed with funding from the UK Government’s Department of Business, Energy, and Industrial Strategy. In 2018, the test of the platform encompassed the six distribution system operators (DSOs) in UK. Subsequently, Piclo signed commercial contracts with those DSOs in order to support their developing flexibility procurement activities. The first tenders were launched in 2019, to meet the flexibility needs for both the 2019–20 and 2020–21 periods.
Funding Information:
Traditionally, flexibility was provided by large operators. Currently, the small traders and prosumers are increasingly seeking to value their flexibility. This trend is strongly supported by the European Union [5, 6]. Flexibility markets are thus being increasingly recognized as an important tool for the management and optimization of electrical networks, and more generally for the overall reduction of system costs. We present next some examples of real projects already underway or under study and compare their main characteristics. For this purpose, we carried out a bibliographic review on the topic [7–10] and a consultation of public available data on ongoing projects.
Publisher Copyright:
© 2021, Springer Nature Switzerland AG.
PY - 2021
Y1 - 2021
N2 - Flexibility markets are novel markets that allow distributed energy resources to remunerate changes in their baseline electricity consumption/production profiles. Given the pioneer status of these markets, the number of trades performed is still relatively small, not allowing for a detailed analysis of the quantities traded and the price formation mechanisms. The use of agent-based simulation tools is a promising approach to accurately model and analyze the behavior of flexibility markets, allowing for a more detailed understanding of the behavior of the agents and the transaction prices. In this paper, we carry out a systematic survey of ongoing flexibility markets projects. We then proceed to describe our ongoing work to develop a local flexibility market, by extending the MATREM system. Finally, we describe a forthcoming study to be carried out with the help of MATREM and involving scenarios related to the Iberian market.
AB - Flexibility markets are novel markets that allow distributed energy resources to remunerate changes in their baseline electricity consumption/production profiles. Given the pioneer status of these markets, the number of trades performed is still relatively small, not allowing for a detailed analysis of the quantities traded and the price formation mechanisms. The use of agent-based simulation tools is a promising approach to accurately model and analyze the behavior of flexibility markets, allowing for a more detailed understanding of the behavior of the agents and the transaction prices. In this paper, we carry out a systematic survey of ongoing flexibility markets projects. We then proceed to describe our ongoing work to develop a local flexibility market, by extending the MATREM system. Finally, we describe a forthcoming study to be carried out with the help of MATREM and involving scenarios related to the Iberian market.
KW - Distributed energy resources
KW - Energy markets
KW - Local flexibility markets
KW - MATREM system
KW - Transmission and distribution system operators
UR - http://www.scopus.com/inward/record.url?scp=85116434313&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-85710-3_17
DO - 10.1007/978-3-030-85710-3_17
M3 - Conference contribution
AN - SCOPUS:85116434313
SN - 978-3-030-85709-7
T3 - Communications in Computer and Information Science
SP - 203
EP - 214
BT - Highlights in Practical Applications of Agents, Multi-Agent Systems, and Social Good. The PAAMS Collection
A2 - De La Prieta, Fernando
A2 - El Bolock, Alia
A2 - Durães, Dalila
A2 - Carneiro, João
A2 - Lopes, Fernando
A2 - Julian, Vicente
PB - Springer
CY - Cham
Y2 - 6 October 2021 through 9 October 2021
ER -
