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.
1. Introduction - p. Page vii 2. List of Illustrations - p. Page xii 3. List of Tables - p. Page xiii 4. Chapter 1 : New electricity markets. The challenges of variable renewable energy - p. Page xiii 5. Chapter 2 : Integration of electric vehicles in local energy markets - p. Page 18 6. Chapter 3 : From wholesale energy markets to local flexibility markets: structure, models and operation - p. Page 35 7. Chapter 4 : From the smart grid to the local electricity market - p. Page 57 8. Chapter 5 : Local market models - p. Page 73 9. Chapter 6 : Peer-to-peer energy platforms - p. Page 89 10. Chapter 7 : Transmission system operator and distribution system operator interaction - p. Page 103 11. Chapter 8 : Local electricity markets—practical implementations - p. Page 124 12. Chapter 9 : Local energy markets, commercially available tools - p. Page 138 13. Chapter 10 : Distributed energy resource management system - p. Page 157 14. Chapter 11 : Modeling, simulation, and decision support - p. Page 174 15. Chapter 12 : Blockchain as messaging infrastructure for smart grids - p. Page 192 16. Chapter 13 : Load profiling revisited: prosumer profiling for local energy markets - p. Page 212 17. Chapter 14 : Forecasting - p. Page 239 18. Chapter 15 : Mathematical models and optimization techniques to support local electricity markets - p. Page 255 19. Chapter 16 : An economic analysis of market design: Local energy markets for energy and grid services - p. Page 274 20. Chapter 17 : South American Markets—regulatory framework: current trends and future prospects in South America - p. Page 292 21. Chapter 18 : Electricity markets and local electricity markets in Europe - p. Page 309 22. Chapter 19 : Local electricity markets: regulation, opportunities, and challenges in the United Kingdom - p. Page 333 23. Chapter 20 : Competition and restructuring of the South African electricity market - p. Page 353 24. Chapter 21 : Asia electricity markets - p. Page 365 25. Chapter 22 : Current trends and perspectives in Australia - p. Page 405 26. Conclusions and paths for future research and development - p. Page 426 27. Index - p. Page 435
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.
1. Introduction - p. Page vii 2. List of Illustrations - p. Page xii 3. List of Tables - p. Page xiii 4. Chapter 1 : New electricity markets. The challenges of variable renewable energy - p. Page xiii 5. Chapter 2 : Integration of electric vehicles in local energy markets - p. Page 18 6. Chapter 3 : From wholesale energy markets to local flexibility markets: structure, models and operation - p. Page 35 7. Chapter 4 : From the smart grid to the local electricity market - p. Page 57 8. Chapter 5 : Local market models - p. Page 73 9. Chapter 6 : Peer-to-peer energy platforms - p. Page 89 10. Chapter 7 : Transmission system operator and distribution system operator interaction - p. Page 103 11. Chapter 8 : Local electricity markets—practical implementations - p. Page 124 12. Chapter 9 : Local energy markets, commercially available tools - p. Page 138 13. Chapter 10 : Distributed energy resource management system - p. Page 157 14. Chapter 11 : Modeling, simulation, and decision support - p. Page 174 15. Chapter 12 : Blockchain as messaging infrastructure for smart grids - p. Page 192 16. Chapter 13 : Load profiling revisited: prosumer profiling for local energy markets - p. Page 212 17. Chapter 14 : Forecasting - p. Page 239 18. Chapter 15 : Mathematical models and optimization techniques to support local electricity markets - p. Page 255 19. Chapter 16 : An economic analysis of market design: Local energy markets for energy and grid services - p. Page 274 20. Chapter 17 : South American Markets—regulatory framework: current trends and future prospects in South America - p. Page 292 21. Chapter 18 : Electricity markets and local electricity markets in Europe - p. Page 309 22. Chapter 19 : Local electricity markets: regulation, opportunities, and challenges in the United Kingdom - p. Page 333 23. Chapter 20 : Competition and restructuring of the South African electricity market - p. Page 353 24. Chapter 21 : Asia electricity markets - p. Page 365 25. Chapter 22 : Current trends and perspectives in Australia - p. Page 405 26. Conclusions and paths for future research and development - p. Page 426 27. Index - p. Page 435
