Evaluating Fairness Indicators for Local Energy Markets
- Marthe Dynge ,
- Erlend Nilsen Anfinnsen ,
- Umit Cali
Abstract
For local energy markets to become a widely accepted, real-life
phenomenon, the models must extend beyond the techno-economical aspects
and energy justice within these market structures must be thoroughly
addressed. To measure the perceived fairness of a local energy market,
some studies have adapted fairness indicators originated from other
fields. However, it is still unclear how these indicators can accurately
reflect distributional fairness in various local energy trading
scenarios. This study conducts a comprehensive review and qualitative
assessment of the existing fairness indicators in the local energy
market literature and their ability to accurately capture different
situations in the market. The study results in a discussion on their
strength and limitations, and an encouragement to alter the indicators
to better quantify energy justice in a local energy market context.