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Local Electricity Markets

1st Edition - July 3, 2021

Editors: Tiago Pinto, Zita Vale, Steve Widergren

Paperback ISBN:

9 7 8 - 0 - 1 2 - 8 2 0 0 7 4 - 2

eBook ISBN:

9 7 8 - 0 - 1 2 - 8 2 2 6 6 6 - 7

Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses… Read more

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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.

Part I Distributed energy resources as enablers of local electricity markets

1. New electricity markets. The challenges of variable renewable energy

Ana Estanqueiro and António Couto

2. Integration of electric vehicles in local energy markets

José Almeida and João Soares

3. From wholesale energy markets to local flexibility markets: structure, models and operation

Fernando Lopes

4. From the smart grid to the local electricity market

Fernando Lezama, Tiago Pinto, Zita Vale, Gabriel Santos and Steve Widergren

Part II Local market models and opportunities

5. Local market models

Amin Shokri Gazafroudi, Hosna Khajeh, Miadreza Shafie-khah, Hannu Laaksonen and Juan Manuel Corchado

6. Peer-to-peer energy platforms

Liyang Han, Thomas Morstyn and Malcolm D. McCulloch

7. Transmission system operator and distribution system operator interaction

Hugo Gabriel Morais Valente, E. Lambert and J. Cantenot

8. Local electricity markets—practical implementations

Ricardo Faia, Fernando Lezama and Juan Manuel Corchado

Part III Enablers for local electricity markets

9. Local energy markets, commercially available tools

Jan Segerstam

10. Distributed energy resource management system

Quoc Tuan Tran, Van Hoa Nguyen, Ngoc An Luu and Elvira Amicarelli

11. Modeling, simulation, and decision support

Danial Esmaeili Aliabadi, Emre Çelebi, Murat Elhüseyni and Güvenç Sahin

12. Blockchain as messaging infrastructure for smart grids

Iván S. Razo-Zapata and Mihail Mihaylov

13. Load profiling revisited: prosumer profiling for local energy markets

Gianfranco Chicco and Andrea Mazza

14. Forecasting

Elena Mocanu, Decebal Constantin Mocanu, Nikolaos G. Paterakis and Madeleine Gibescu

15. Mathematical models and optimization techniques to support local electricity markets

John Fredy Franco, Leonardo H. Macedo, Nataly Bañol Arias, Alejandra Tabares, Rubén Romero and João Soares

Part IV Regulatory framework: Current trends and future Perspectives

16. An economic analysis of market design: Local energy markets for energy and grid services

L. Lynne Kiesling

17. South American Markets—regulatory framework: current trends and future prospects in South America

Rubipiara C. Fernandes, Edison A.C. Aranha Neto and Fabrício Y.K. Takigawa

18. Electricity markets and local electricity markets in Europe

Zita Vale, Débora de São José and Tiago Pinto

19. Local electricity markets: regulation, opportunities, and challenges in the

United Kingdom

Karim L. Anaya

20. Competition and restructuring of the South African electricity market

Komla Agbenyo Folly

21. Asia electricity markets

Panhong Cheng and Yan Gao

22. Current trends and perspectives in Australia

Alan Moran

Conclusions and paths for future research and development

Tiago Pinto

Tiago Pinto (Lecturer, BISITE research group, University of Salamanca, Spain) works in the application of AI techniques to the study of electricity markets, specifically in the decision support of negotiating agents. He has been involved in several research projects involving the development and use of: Multi-Agent systems, Machine Learning algorithms, Knowledge-Based systems, Game Theory, Neural Networks, Genetic Algorithms, Particle Swarm Intelligence, and Data Mining. He is particularly interested in electricity markets, addressing the decision-support for market participants, negotiation strategies, machine learning and agent-based market simulation. He is also interested in smart grids, accommodating an intensive use of Renewable Energy Sources, Distributed Energy Resources (DER) and Distributed Generation (DG), addressing the management of energy resources and the negotiation of DER in electricity markets. He has authored over 150 publications in international journals and conferences. He has co-edited several books and special issues in journals related to power and energy systems and artificial intelligence.

Affiliations and expertise

Lecturer, BISITE research group, University of Salamanca, Spain

Zita Vale

Zita Vale (GECAD research group, Polytechnic of Porto, Portugal) is Professor at the School of Engineering (ISEP) of the Polytechnic of Porto (IPP) and Director of GECAD – Research Group on Intelligent Engineering and Computing for Advanced Innovation and Developments. Her main interests regard the application of Artificial Intelligence Techniques to Power systems, including Knowledge based systems, Multi-agent systems, Neural Networks, Meta-heuristics, Optimization, Machine Learning, and Knowledge Discovery Techniques. She has been involved in more than 40 R&D projects from which she coordinated more than 20 projects. She is principally interested in Smart Grids, with an intensive use of Renewable Energy Sources, Distributed Energy Resources and Distributed Generation, addressing the management of energy resources, the negotiation of DER in electricity markets, demand response, and electric vehicles. She is also interested in electricity markets, addressing prices and tariffs, decision-support for market participants, ancillary services, derivatives market, pricing and market simulation.

Affiliations and expertise

Professor, School of Engineering (ISEP) of the Polytechnic of Porto (IPP) and Director, GECAD – Research Group on Intelligent Engineering and Computing for Advanced Innovation and Developments

Steve Widergren

Steve Widergren (Principal Engineer, Pacific Northwest National Laboratory, USA) is interested in the application of information technology to power engineering problems including simulation, control, and system integration. He was the founding Administrator for the GridWise Architecture Council – a group formed to enable interoperability of automated systems related to the electric system. Prior to joining the Laboratory, Mr. Widergren was a corporate engineer at ESCA, now GE, an electricity control center supplier. Prior to that, he worked at American Electric Power and interned at Pacific Gas and Electric. In these positions, he engineered and managed energy management systems products for electric power operations and supported power system computer applications.

Affiliations and expertise

Principal Engineer, Pacific Northwest National Laboratory, USA