Active Players in Local Energy Markets

Flora Charbonnier*, Thomas Morstyn, Malcolm McCulloch

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract / Description of output

Power systems are undergoing a fundamental transition as energy resources are increasingly distributed through all layers of the electricity grid. Local energy markets offer opportunities for value co-creation through the coordination of these resources, with benefits at the individual, community and societal levels. This chapter presents an overview of the main active players in local energy markets, their objectives, and the ways in which they can participate. We then present a systematic taxonomy of coordination strategies for these players with heterogeneous objectives and constraints. The coordination mechanisms can be classified in terms of the level of agency of participating players, the information communication structure, and whether the local energy market represents a competitive or cooperative game. A numerical case study is then conducted to illustrate the value obtained by active players through competition and cooperation. Finally, we discuss avenues forward to help integrate and coordinate the active players in local energy markets.

Original languageEnglish
Title of host publicationTrading in Local Energy Markets and Energy Communities
Subtitle of host publicationConcepts, Structures and Technologies
PublisherSpringer Science and Business Media Deutschland GmbH
Pages71-111
Number of pages41
Edition1
ISBN (Electronic)978-3-031-21402-8
ISBN (Print)978-3-031-21401-1, 978-3-031-21404-2
DOIs
Publication statusPublished - 14 Feb 2023

Publication series

NameLecture Notes in Energy
Volume93
ISSN (Print)2195-1284
ISSN (Electronic)2195-1292

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