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Bottom-up Modeling of Local Energy Markets within a Pan-European Wholesale Electricity Market Model

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posted on 14.03.2020 by Carlo Schmitt, Kenneth Samaan, Henrik Schwaeppe, Albert Moser
The energy system decarbonization and decentralization
require coordination schemes for distributed generators
and flexibilities. One coordination approach is local energy markets for trading energy among local producers and consumers. The resulting local coordination leads to the questions of how the interaction between local and wholesale markets will be designed and of how the introduction of local energy markets influences the wholesale market system. Therefore, this paper proposes a bottom-up modeling method for local markets within a pan- European wholesale market model. Furthermore, an aggregation-disaggregation method for local markets is developed to reduce computational effort. A case study for local markets in Germany shows the computational advantages of the aggregation-disaggregation method. Preliminary results indicate the impact of different interaction designs between local and wholesale markets on the wholesale market and show the need for further research.

History

Email Address of Submitting Author

c.schmitt@iaew.rwth-aachen.de

ORCID of Submitting Author

0000-0003-0852-2957

Submitting Author's Institution

IAEW, RWTH Aachen University

Submitting Author's Country

Germany

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