Analysis and Simulation of Local Flexibility Markets: Preliminary Report

Jorge Morais, Fernando Lopes, Anabela Pronto

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

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.

Original languageEnglish
Title of host publicationHighlights in Practical Applications of Agents, Multi-Agent Systems, and Social Good. The PAAMS Collection - International Workshops of PAAMS 2021, Proceedings
EditorsFernando De La Prieta, Alia El Bolock, Dalila Durães, João Carneiro, Fernando Lopes, Vicente Julian
PublisherSpringer Science and Business Media Deutschland GmbH
Pages203-214
Number of pages12
ISBN (Print)9783030857097
DOIs
Publication statusPublished - 2021
EventInternational Conference on Practical Applications of Agents and Multi-Agent Systems, PAAMS 2021 - Salamanca, Spain
Duration: 6 Oct 20219 Oct 2021

Publication series

NameCommunications in Computer and Information Science
PublisherSpringer Science and Business Media Deutschland GmbH
Volume1472 CCIS
ISSN (Print)1865-0929
ISSN (Electronic)1865-0937

Conference

ConferenceInternational Conference on Practical Applications of Agents and Multi-Agent Systems, PAAMS 2021
Country/TerritorySpain
CitySalamanca
Period6/10/219/10/21

Keywords

  • Distributed energy resources
  • Energy markets
  • Local flexibility markets
  • MATREM system
  • Transmission and distribution system operators

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