Trading in local markets: A review of concepts and challenges

Olivier Rebenaque, Carlo Schmitt and Klemens Schumann

ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, 2022, vol. 2022/2, issue 2, 25-47

Abstract: With the development of decentralized sources of electricity generation, different ways of organizing electricity exchanges at the local level have been developed. The literature has studied extensively over the past decade how local exchanges can take place. This has resulted in different concepts reflecting different perimeters of study. However, the perimeters of these different concepts are not always well defined in the literature, which can lead to some con- fusion about the organization of the local market under study. There is a lack of harmonization because different terms may be used for the same concept or the same term may be used for several concepts. This paper aims to propose a harmonization of the different concepts for the study of local markets including local energy markets, peer-to-peer trading, local flexibility markets, microgrids, energy communities and transactive energy. These concepts are com- pared by identifying the characteristics of each. For this purpose, a literature review was per- formed in order to understand the context in which these concepts emerged and to identify their specific characteristics. Moreover, this paper proposes to analyze the economic challenges of local exchanges by identifying the economic incentives and solutions developed to make business models viable.

JEL-codes: Q29 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 128&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fan:efeefe:v:html10.3280/efe2022-002002

Ordering information: This journal article can be ordered from
http://www.francoang ... io.aspx?IDRivista=10

Access Statistics for this article

ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT is currently edited by FrancoAngeli

More articles in ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato ().