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Local Electricity Markets

Explores challenges and opportunities surrounding the practical design and implementation of local electricity markets, including proposed models and practical barriers

Tiago Pinto (Edited by), Zita Vale (Edited by), Steve Widergren (Edited by)

9780128200742, Elsevier Science

Paperback, published 8 July 2021

472 pages
23.4 x 19 x 3 cm, 0.97 kg

Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future.

Part I Distributed energy resources as enablers of local electricity markets

1. New electricity markets. The challenges of variable renewable energy

Ana Estanqueiro and António Couto

2. Integration of electric vehicles in local energy markets

José Almeida and João Soares

3. From wholesale energy markets to local flexibility markets: structure, models and operation

Fernando Lopes

4. From the smart grid to the local electricity market

Fernando Lezama, Tiago Pinto, Zita Vale, Gabriel Santos and Steve Widergren

Part II Local market models and opportunities

5. Local market models

Amin Shokri Gazafroudi, Hosna Khajeh, Miadreza Shafie-khah, Hannu Laaksonen and Juan Manuel Corchado

6. Peer-to-peer energy platforms

Liyang Han, Thomas Morstyn and Malcolm D. McCulloch

7. Transmission system operator and distribution system operator interaction

Hugo Gabriel Morais Valente, E. Lambert and J. Cantenot

8. Local electricity markets—practical implementations

Ricardo Faia, Fernando Lezama and Juan Manuel Corchado

Part III Enablers for local electricity markets

9. Local energy markets, commercially available tools

Jan Segerstam

10. Distributed energy resource management system

Quoc Tuan Tran, Van Hoa Nguyen, Ngoc An Luu and Elvira Amicarelli

11. Modeling, simulation, and decision support

Danial Esmaeili Aliabadi, Emre Çelebi, Murat Elhüseyni and Güvenç Sahin

12. Blockchain as messaging infrastructure for smart grids

Iván S. Razo-Zapata and Mihail Mihaylov

13. Load profiling revisited: prosumer profiling for local energy markets

Gianfranco Chicco and Andrea Mazza

14. Forecasting

Elena Mocanu, Decebal Constantin Mocanu, Nikolaos G. Paterakis and Madeleine Gibescu

15. Mathematical models and optimization techniques to support local electricity markets

John Fredy Franco, Leonardo H. Macedo, Nataly Bañol Arias, Alejandra Tabares, Rubén Romero and João Soares

Part IV Regulatory framework: Current trends and future Perspectives

16. An economic analysis of market design: Local energy markets for energy and grid services

L. Lynne Kiesling

17. South American Markets—regulatory framework: current trends and future prospects in South America

Rubipiara C. Fernandes, Edison A.C. Aranha Neto and Fabrício Y.K. Takigawa

18. Electricity markets and local electricity markets in Europe

Zita Vale, Débora de São José and Tiago Pinto

19. Local electricity markets: regulation, opportunities, and challenges in the

United Kingdom

Karim L. Anaya

20. Competition and restructuring of the South African electricity market

Komla Agbenyo Folly

21. Asia electricity markets

Panhong Cheng and Yan Gao

22. Current trends and perspectives in Australia

Alan Moran

Conclusions and paths for future research and development

Subject Areas: Environmental science, engineering & technology [TQ], Environmental policy & protocols [RND], Energy industries & utilities [KNB]

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