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Survey results on local markets to enable societal value

M. Valarezo, J.P. Chaves, J. Rossi, E. Hillberg, M. Baron

14th PowerTech Conference, Madrid (España). 27 junio 2021


Resumen:

To collate best praxis and ideas on local electricity markets, this paper surveyed a number of pioneering initiatives in local market design and implementation. The survey focused on the definition of the market itself and the roles and responsibilities of actors within, the distribution of the value of local markets, as well as challenges and current barriers. The results indicate that the main value of a local market is related to the benefits for society as a whole and to a lesser extent individual actors. The main benefits are expected to derive from deferred network investments and reduced network costs. Moreover, local markets are expected to allow for higher shares of clean energy integration and generate positive environmental impacts. Nonetheless, a number of regulatory, economic, stakeholder-related, and other barriers risk obstructing the operation of local markets in the short term and inhibit their adoption in the long run.


Resumen divulgativo:

Este estudio examina el diseño e implementación de un conjunto de iniciativas para recopilar las mejores prácticas en mercados eléctricos locales. Acorde a los resultados el principal valor un mercado local está relacionado con beneficios para la sociedad y en menor grado para actores individuales.


Palabras clave: flexibility, local markets, market design, societal value.


Fecha de publicación: junio 2021.



Cita:
M. Valarezo, J.P. Chaves, J. Rossi, E. Hillberg, M. Baron, Survey results on local markets to enable societal value, 14th PowerTech Conference - PowerTech 2021, Madrid, España, 27 Junio - 02 Julio 2021.


    Líneas de investigación:
  • Diseño y regulación de mercados energéticos

IIT-21-055A

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