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Article

Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets

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School of Energy Systems, LUT University, Yliopistonkatu 34, 53850 Lappeenranta, Finland
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Virtual Power Solutions—A Cleanwatts Company, Ladeira da Paula 6, 3040-574 Coimbra, Portugal
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MIT Portugal Programme, Energy for Sustainability Initiative, University of Coimbra, 3030-194 Coimbra, Portugal
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DEGEIT, Campus Universitário de Santiago, University of Aveiro, 3810-193 Aveiro, Portugal
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Enerim Oy, Valimotie 9-11, 00380 Helsinki, Finland
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Technology and Communication Sciences, Electrical Engineering, Tampere University, Korkeakoulunkatu 7, 33720 Tampere, Finland
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Author to whom correspondence should be addressed.
Academic Editor: Pedro Crespo Del Granado
Energies 2021, 14(11), 3229; https://doi.org/10.3390/en14113229
Received: 28 April 2021 / Revised: 25 May 2021 / Accepted: 26 May 2021 / Published: 31 May 2021
(This article belongs to the Special Issue Design Optimization of Local Energy Markets)
Peer-to-peer (P2P) electricity sharing or trading can empower consumers and prosumers, incentivize the balancing of generation and demand locally, increase system resilience and reliability, and help in achieving societal goals, such as increasing renewable energy penetration. Nevertheless, the development of P2P trading in actual environments has been slow due to the unclear position of P2P markets in the power system. Recent developments in the European legislation are promising for the establishment of P2P markets and energy communities. Hence, the interplay between local trading and existing market structures needs to be addressed carefully. Furthermore, P2P trading with distributed resources presumes that electricity end users will become active players in the power system. This paper proposes a bidding and pricing mechanism for local markets, considering the external markets; a new approach to balance settlement and balance responsibility when local trading occurs; and an interface to promote end-user interest in, and interactions with, local energy trading. The proposed local market concept and interface solution promote the coupling between local and existing retail, wholesale and ancillary service markets, and can be seen as a step towards the establishment of local energy markets in real-life settings. View Full-Text
Keywords: peer-to-peer electricity trading; local energy market; energy community; balance responsibility; end-user interface; demand response peer-to-peer electricity trading; local energy market; energy community; balance responsibility; end-user interface; demand response
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MDPI and ACS Style

Annala, S.; Klein, L.; Matos, L.; Repo, S.; Kilkki, O.; Narayanan, A.; Honkapuro, S. Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets. Energies 2021, 14, 3229. https://doi.org/10.3390/en14113229

AMA Style

Annala S, Klein L, Matos L, Repo S, Kilkki O, Narayanan A, Honkapuro S. Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets. Energies. 2021; 14(11):3229. https://doi.org/10.3390/en14113229

Chicago/Turabian Style

Annala, Salla, Lurian Klein, Luisa Matos, Sirpa Repo, Olli Kilkki, Arun Narayanan, and Samuli Honkapuro. 2021. "Framework to Facilitate Electricity and Flexibility Trading within, to, and from Local Markets" Energies 14, no. 11: 3229. https://doi.org/10.3390/en14113229

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