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Impact of local energy markets integration in power systems layer: A comprehensive review

Authors: Alejandro Pena-Bello; David Parra; Benjamin Bowler; Yue Zhou; Antonios Papaemmanouil; Mustafa A. Mustafa; Mustafa A. Mustafa; +11 Authors

Impact of local energy markets integration in power systems layer: A comprehensive review

Abstract

In recent years extensive research has been conducted on the development of different models that enable energy trading between prosumers and consumers due to expected high integration of distributed energy resources. Some of the most researched mechanisms include Peer-to-Peer energy trading, Community Self-Consumption and Transactive Energy Models. To ensure the stable and reliable delivery of electricity as such markets and models grow, this paper aims to understand the impact of these models on grid infrastructure, including impacts on the control, operation, and planning of power systems, interaction between multiple market models and impact on transmission network. Here, we present a comprehensive review of existing research on impact of Local Energy Market integration in power systems layer. We detect and classify most common issues and benefits that the power grid can expect from integrating these models. We also present a detailed overview of methods that are used to integrate physical network constraints into the market mechanisms, their advantages, drawbacks, and scaling potential. In addition, we present different methods to calculate and allocate network tariffs and power losses. We find that financial energy transactions do not directly reflect the physical energy flows imposed by the constraints of the installed electrical infrastructure. In the end, we identify a number of different challenges and detect research gaps that need to be addressed in order to integrate Local Energy Market models into existing infrastructure.

+ ID der Publikation: hslu_86628 + Art des Beitrages: Wissenschaftliche Medien + Jahrgang: 301 + Sprache: Englisch + Letzte Aktualisierung: 2023-04-17 10:46:41

Countries
Switzerland, France, Ireland, Netherlands
Keywords

Review Paper, Network constraints, Review paper, 330, Transactive energy, Power System Integration, Peer-to-Peer, Transactive Energy, Energy Trading, Local Energy Markets, Energy trading, 333, [SHS]Humanities and Social Sciences, Impact, Power system integration, Peer-to-peer, Impact Power System Integration, Network Constraints, [SHS] Humanities and Social Sciences

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visibility
citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
views
OpenAIRE UsageCountsViews provided by UsageCounts
84
Top 1%
Top 10%
Top 1%
151
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bronze