The Regulatory Framework for Market Transparency in Future Power Systems under the Web-of-Cells Concept

Viktorija Bobinaite, Marialaura Di Somma, Giorgio Graditi and Irina Oleinikova
Additional contact information
Viktorija Bobinaite: Lithuanian Energy Institute, Laboratory for Energy System Research, Breslaujos Street, 3, LT-44403 Kaunas, Lithuania
Marialaura Di Somma: Italian National Agency for New Technologies, Energy and Sustainable Economic Development, Energy Technologies Department—Portici Research Centre, P. E. Fermi, 1, IT-80055 Portici (Naples), Italy
Giorgio Graditi: Italian National Agency for New Technologies, Energy and Sustainable Economic Development, Energy Technologies Department—Portici Research Centre, P. E. Fermi, 1, IT-80055 Portici (Naples), Italy
Irina Oleinikova: Department of Electric Power Engineering, Norwegian University of Science and Technology, O.S. Bragstads Plass 2, Electrobygget, NO-7491 Trondheim, Norway

Energies, 2019, vol. 12, issue 5, 1-26

Abstract: This paper investigates the regulatory rules of market transparency which could be applied within the wholesale electricity market and market for frequency and voltage control in the Web-of-Cells (WoC) decentralized power control architecture, which has been developed in the ELECTRA Project to respond the challenges and needs of the future power system (2030+). In this decentralized functional architecture for frequency and voltage control, the European Union (EU) power grid is divided into grid control areas, i.e., cells, which are defined as portions of the grid having adequate monitoring infrastructure and local reserves capacity, allowing voltage and balancing (frequency) problems to be solved at cell level, under the responsibility of a Cell System Operator (CSO) (present Distribution System Operator (DSO)/Transmission System Operator (TSO)). In order to foster the practical realization of the WoC-based architecture, the related wholesale electricity market and market for frequency and voltage control are proposed considering the competitive market principles, including transparency. The critical review of the existing EU regulations dealing with this issue suggests respecting the valid provisions on market transparency while tailoring them into the WoC-based architecture. Moreover, in order to take into account the WoC peculiarities, a set of integrations to the current regulatory rules is also proposed, addressing: (1) disclosure of information in respect to attributes of emerging technologies such as renewable energy sources (RES), distributed energy resources (DER), storage; (2) provision of generation and load forecast information; (3) process of procurement of flexibilities; (4) retail market transparency; (5) disclosure of privacy-sensitive household attributes; and (6) disclosure of information on market for frequency and voltage control.

Keywords: electricity market transparency; web-of-cells; wholesale electricity market; market for frequency and voltage control; decentralized control architecture; EU regulatory framework (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: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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