 Towards improved prosumer participation: Electricity trading in local marketsMatthias Kühnbach, Anke Bekk and Anke Weidlich Energy, 2022, vol. 239, issue PE Abstract: Local energy markets are a promising way to involve prosumers in the electricity system and activate demand-side flexibility. In this paper, we develop a modeling framework consisting of an optimization for prosumer home energy management systems embedded in a local energy market simulation. To enable an integrated assessment, the local market is linked to a central spot market. For each prosumer, we consider the individual flexibility potential, home storage systems, and demand response of electric vehicles. Using this model, we analyze the costs and benefits of a local market for prosumers in an energy system with a high share of renewable energy. We compare the systemic effects and the potential economic benefits of this local market for prosumers to pure self-consumption and prosumer participation in a central spot market. Applying our model to a case study of 480 prosumers, we show that a system including a local market is beneficial compared to self-consumption from a systemic perspective. However, allowing prosumers to participate directly in a central spot market is more profitable and facilitates the system integration of renewables. Keywords: Local energy market; Prosumer; Demand response; Demand-side flexibility (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:239:y:2022:i:pe:s0360544221026943 DOI: 10.1016/j.energy.2021.122445 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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