Local Energy Markets: From Concepts to Reality

Scot Wheeler*, Filiberto Fele, Masaō Ashtine, Thomas Morstyn, David Wallom, Malcolm McCulloch

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract / Description of output

Local energy markets can create new societal value by offering a variety of energy services tailored to the local context and community desire. Based on real-world experience, this chapter describes how to enable active participation of a diverse set of local system stakeholders through a novel hybrid electricity market architecture. This market is the product of an agile co-design process carried out within Project LEO (Local Energy Oxfordshire), one of three large-scale energy community demonstrator initiatives in the United Kingdom. Firstly, we discuss the underlying concepts and desired services to be provided by the market. Next, we describe the agile approach taken to trial whole-system innovation in real-world contexts, describing the end-to-end procedures, data requirements and the digital platforms that enable local energy markets to function. Finally, we discuss some of the challenges faced and provide an outlook to the future of 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
Pages1-38
Number of pages38
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

Keywords / Materials (for Non-textual outputs)

  • Energy markets
  • Energy transition
  • Flexibility
  • Grid-edge
  • Smart local energy

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