Local Energy Trading in Future Distribution Systems

Mohammad Esmaeil Honarmand, Vahid Hosseinnezhad, Barry Hayes and Pierluigi Siano
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Mohammad Esmaeil Honarmand: Gilan Electric Power Distribution Co., Rasht 41888-67749, Iran
Vahid Hosseinnezhad: School of Engineering and Architecture, University College Cork (UCC), Cork T12 K8AF, Ireland
Barry Hayes: School of Engineering and Architecture, University College Cork (UCC), Cork T12 K8AF, Ireland
Pierluigi Siano: Department of Management and Innovation Systems, University of Salerno, 84084 Fisciano, Italy

Energies, 2021, vol. 14, issue 11, 1-19

Abstract: Today, the pace of development of decentralized transactive management systems has increased significantly due to growing renewable energy source technologies and communication infrastructure at the distribution system level. Such bilateral energy transactions have changed the structure of electricity markets and led to the emergence of a local energy market in electricity distribution. While examining this change of attitude, this paper analyzes the effects of local market formation on the performance and performance of distribution companies. Accordingly, the technical requirements in the three areas of operation, network control, and ICT in the new workspace are thoroughly examined. The hardware requirements will be presented in two parts for the end-user and the distribution systems. Then, the proposed local distribution market framework will be introduced, and finally, the conclusion will be presented.

Keywords: distribution systems; local energy trading; P2P trading; flexibility service; technical requirement (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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