IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v357y2024ics0306261923015672.html
   My bibliography  Save this article

Decoding design characteristics of local flexibility markets for congestion management with a multi-layered taxonomy

Author

Listed:
  • Potenciano Menci, Sergio
  • Valarezo, Orlando

Abstract

Local flexibility markets are becoming increasingly popular smart grid solutions. They connect customers who require flexible electricity supply and demand with local flexibility providers. However, the growing number of diverse solutions has led to a proliferation of concepts, projects, and companies in this market, with this diversity making understanding and comparison difficult. To tackle this challenge, we propose a multi-layered taxonomy of local flexibility market solutions. This focuses on congestion management on the distribution side of this activity; a crucial service for distribution system operators. Our taxonomy utilizes the Smart Grid Architecture Model to describe these markets comprehensively. We employ an iterative taxonomy-building method, refining and evaluating it through insights from ongoing implementations and twenty-eight expert interviews. Moreover, we present a complete instantiation of our taxonomy and offer a discussion with practical recommendations for practitioners in the local flexibility market landscape.

Suggested Citation

  • Potenciano Menci, Sergio & Valarezo, Orlando, 2024. "Decoding design characteristics of local flexibility markets for congestion management with a multi-layered taxonomy," Applied Energy, Elsevier, vol. 357(C).
    • Handle: RePEc:eee:appene:v:357:y:2024:i:c:s0306261923015672
    DOI: 10.1016/j.apenergy.2023.122203
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261923015672
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2023.122203?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:357:y:2024:i:c:s0306261923015672. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.