Local Markets for Decentralised Flexibility Services

Rahmatallah Poudineh (), Christine Brandstätt () and Farhad Billimoria ()
Additional contact information
Rahmatallah Poudineh: Oxford Institute for Energy Studies
Christine Brandstätt: Oxford Institute for Energy Studies
Farhad Billimoria: Oxford Institute for Energy Studies

Chapter Chapter 6 in Electricity Distribution Networks in the Decentralisation Era, 2022, pp 79-89 from Springer

Abstract: Abstract This chapter provides an overview of different concepts for local and decentralised markets for flexibility services. It distinguishes between network operators’ need for flexibility to manage scarcity and capacity development and a corresponding market demand for flexibility to balance trading portfolios. Furthermore, it discusses product and market design touching upon differentiation, control option, prequalification, and illustrates them with practical examples from market-based flexibility provision, as well as referring to different stakeholders and their roles within the market. Challenges of flexibility markets which are discussed are vulnerability to participants’ strategies, engaging a large number of flexibility resources, requirements for regulatory oversight, and the integration within existing sector organisation.

Keywords: Flexibility market; Electricity distribution; Curtailment; Congestion management (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-030-98069-6_6

Ordering information: This item can be ordered from
http://www.springer.com/9783030980696

DOI: 10.1007/978-3-030-98069-6_6

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().