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The State of the Art in Local Energy Markets: a Comparative Review
2021 IEEE Madrid PowerTech, 2021System operators are facing a significant challenge with the increasing number of distributed energy resources (DER) in the distribution grid. Local energy markets (LEM) are a solution to this challenge as these allow system operators to use DERs for alleviating grid congestions and aiding with supply-demand balancing.
Doumen, Sjoerd C. +2 more
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Design Premises for Local Energy Markets
Proceedings of the Ninth International Conference on Future Energy Systems, 2018This paper analyzes Local Energy Markets (LEMs) focusing on stakeholders and their objectives, the market design as well as potential synergies with grid services in order to derive design premises. A double sided, combinatorial auctioneer based design is proposed.
Wilhelm Cramer +2 more
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Developing Local Energy Markets: A Holistic System Approach
IEEE Power and Energy Magazine, 2019Currently, the energy system is transforming in an unprecedented manner due to decentralization and decarbonization. A third clear development is so-called sector coupling, which refers to the growing interdependency of the electricity, heat/cooling, and transport sectors caused by overlapping infrastructure and using storable energy sources.
Abo Rassa +3 more
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Tracing local energy markets: A literature review
it - Information Technology, 2019Abstract We conduct a structured literature review on the concept of local energy markets (LEMs). LEMs have gained increasing attention in the last two decades. Yet, a holistic definition and clear demarcation of LEMs is still missing.
Esther Mengelkamp +2 more
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Blockchain in Decentralized Local Energy Markets
2019Within the context of implementing decentralized energy markets, it is necessary to integrate existing structures into this process of change and let established participants play an active role in it. The problem of the conversion is the way how the current, and sometimes still rigid, accounting systems can be adjusted to a flexible and adaptable ...
Andy Hermann +6 more
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The role of energy storage in local energy markets
2017 14th International Conference on the European Energy Market (EEM), 2017To facilitate the integration of renewable electricity sources into the energy system, innovative market designs must be discussed. Local markets that are organized in a decentralized fashion can help to decrease the need for extensive investment in transmission capacity.
Mengelkamp, Esther +2 more
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An Economic Analysis of Market Design: Local Energy Markets for Energy and Grid Services
SSRN Electronic Journal, 2020Abstract The convergence of digital and distributed energy resource (DER) innovation is creating the potential for a more decentralized electricity distribution system, including local energy markets (LEMs) for local coordination of consumption and production. Using market processes to coordinate physical and economic flows enables parties to benefit
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An auction design for local reserve energy markets
Decision Support Systems, 2013In this paper we develop an auction mechanism that is designed for a local energy market. It aims to enable regionally or virtually restricted trading of ancillary services, which enhances the position of the balance group responsible party beyond that of simple accounting.
Christiane Rosen, Reinhard Madlener
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A blockchain-based local energy market
2022As part of the research project Trusted Blockchains for the Open, Smart Energy Grid of the Future (tbiEnergy), one of the objectives is to investigate how a holistic blockchain approach for the realization of a local energy market could be accomplished and how corresponding hardware security mechanisms can be integrated. This paper provides an overview
Gritzan, Giacomo +4 more
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Local Energy Markets for Energy Communities with Grid Constraints
2020 17th International Conference on the European Energy Market (EEM), 2020Renewable energy communities (REC) and local energy markets (LEM) emerge as entities capable, not only to promote the penetration of renewable energy sources into lower levels of the grid, but also to manage distributed energy resources (DER) and local energy exchanges between small players.
Rogerio Rocha +3 more
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