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Market Design of Regional Flexibility Markets: A Classification Metric for Flexibility Products and its Application to German Prototypical Flexibility Markets
With a growing number of distributed energy resources, the electricity network is challenged with a higher quantity of technical problems such as capacity congestions and over- or under-voltages. One often-discussed approach to solve these problems, especially in the European zonal electricity syste...
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| Veröffentlicht in: | MAGKS - Joint Discussion Paper Series in Economics (Band 02-2020) |
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| Autoren: | , , |
| Format: | Artikel |
| Sprache: | Englisch |
| Veröffentlicht: |
Philipps-Universität Marburg
2020
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| Schlagworte: | |
| Online Zugang: | PDF-Volltext |
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| Zusammenfassung: | With a growing number of distributed energy resources, the electricity network is challenged with a higher quantity of technical problems such as capacity congestions and over- or under-voltages. One often-discussed approach to solve these problems, especially in the European zonal electricity system, is regional exibility markets. We provide a novel metric for the design of exibility products by combining technical requirements with a background in auction theory. This is a valuable contribution to the discussion of regional exibility markets, which currently occurs on a largely technical or conceptual level. The metric structures 23 product parameters in four stages of di_erent abstraction levels. By applying this metric to _ve exibility market approaches used in current German research projects, we demonstrate its usability for consistent description and comparison of exibility products. Therefore, the metric we have developed, is a powerful instrument for structured analysis and assessment of the vast diversity of approaches to exibility markets and products at a high level of detail. This metric can empower national and international policy makers and practitioners in developing and assessing exibility markets holistically and can help to simplify the implementation of best-practice solutions. |
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| Umfang: | 26 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0629 |