Engaging Prosumers in Local Energy Market Business Models

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CIRED 2019 - 1174.pdf (759.91 KB)

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.

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Publisher

AIM

Date

2019-06-03

Published in

CIRED 2019 Conference

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