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Survey Results on Local Markets to Enable Societal Value
Universidad Pontificia Comillas, Spain.
Universidad Pontificia Comillas, Spain.
RISE Research Institutes of Sweden, Safety and Transport, Measurement Technology.
RISE Research Institutes of Sweden, Safety and Transport, Measurement Technology.ORCID iD: 0000-0001-7286-3962
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2021 (English)In: 2021 IEEE Madrid PowerTech, 2021Conference paper, Published paper (Refereed)
Abstract [en]

To collate best praxis and ideas on local electricity markets, this paper surveyed a number of pioneering initiatives in local market design and implementation. The survey focused on the definition of the market itself and the roles and responsibilities of actors within, the distribution of the value of local markets, as well as challenges and current barriers. The results indicate that the main value of a local market is related to the benefits for society as a whole and to a lesser extent individual actors. The main benefits are expected to derive from deferred network investments and reduced network costs. Moreover, local markets are expected to allow for higher shares of clean energy integration and generate positive environmental impacts. Nonetheless, a number of regulatory, economic, stakeholder-related, and other barriers risk obstructing the operation of local markets in the short term and inhibit their adoption in the long run.

Place, publisher, year, edition, pages
2021.
Keywords [en]
Economics, Technical management, Electricity supply industry, Regulation, Power grids, Data models, Information management, flexibility, local markets, market design, societal value
National Category
Business Administration
Identifiers
URN: urn:nbn:se:ri:diva-55990DOI: 10.1109/PowerTech46648.2021.9495089OAI: oai:DiVA.org:ri-55990DiVA, id: diva2:1588380
Conference
2021 IEEE Madrid PowerTech
Available from: 2021-08-27 Created: 2021-08-27 Last updated: 2023-05-16Bibliographically approved

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