Engaging Prosumers in Local Energy Market Business Models

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Paper number
1174
Working Group Number
Conference name
CIRED 2019
Conference date
3-6 June 2019
Conference location
Madrid, Spain
Peer-reviewed
Yes
Short title
Convener
Authors
Cramer, Wilhelm, Fraunhofer FIT, Germany
Vasconcelos, Maria, Fraunhofer FIT, Germany
Schmitt, Carlo, Fraunhofer FIT, Germany
Armstorfer, Andreas , Hochschule Kempten, Germany
Beg , Nauman , Hochschule Kempten, Germany
Heringer, Florian, AllgäuNetz GmbH & Co. KG, Germany
Abstract
Local energy markets (LEM) represent a user-centric approach to provide direct market access to prosumers able to compensate selected inadequacies associated with the current design of central energy markets. This paper presents four LEM design options and introduces the specific configurations for both an auction-based and a central coordinator approach. While both approaches aim at maximizing welfare, they differ with regard to the role assumed for the LEM participants and coordinator. Finally, exemplary results are discussed for a test case.
Table of content
Keywords
Publisher
AIM
Date
2019-06-03
Permanent link to this record
https://cired-repository.org/handle/20.500.12455/331
http://dx.doi.org/10.34890/555
ISSN
2032-9644
ISBN
978-2-9602415-0-1