 Design of regional flexibility markets for electricity: A product classification framework for and application to German pilot projectsErik Heilmann, Nikolai Klempp and Heike Wetzel Utilities Policy, 2020, vol. 67, issue C Abstract: With the growing role of distributed energy resources, the electricity network is challenged by numerous technical problems, such as capacity congestion and over- or under-voltage. An often-discussed response, especially in the European zonal electricity system, is to implement regional flexibility markets. We contribute to this discussion by providing a comprehensive classification framework for the design of flexibility products by combining technical requirements with classical auction theory. The framework structures 23 product parameters in four stages of abstraction. By applying the framework to five market approaches used in current German research projects, we demonstrate its usefulness for consistent comparison of flexibility products at a high level of detail. This framework can empower national and international policymakers and practitioners in assessing flexibility markets holistically, thereby facilitating the implementation of sound solutions. Keywords: Smart markets; Market design; Electricity product design; Flexibility market (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:juipol:v:67:y:2020:i:c:s0957178720301272 DOI: 10.1016/j.jup.2020.101133 Access Statistics for this article Utilities Policy is currently edited by Beecher, Janice More articles in Utilities Policy from Elsevier |
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