Publication | Closed Access
Electricity markets overview — Market participation possibilities for renewable and distributed energy resources
23
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2017
Year
Unknown Venue
EngineeringEnergy MarketsFull Market IntegrationMarket DesignPower MarketDistributed Energy ResourcesRenewable Energy SystemsGlobal StrategyEnergy RegulationDistributed EnergyMarket Set-upsEconomicsPower TradingMarketingElectricity MarketSmart GridEnergy ManagementSustainable EnergyEnergy TransitionEnergy PolicyBusinessLocal Energy MarketElectricity MarketsEnergy EconomicsMarket Operational Principles
The main idea of the paper is to provide a detailed analysis of market set-ups in Europe, North America and Australia as well as to define obstacles and potentials for full market integration for renewable and distributed energy resources. Comparing rules and market operational principles from different continents, elaborated through examples of most evolved markets, indicates how different technologies could benefit from offering market products on multiple time frame basis. In this line, recent European documents set a framework for non-discriminatory access to market for all entities. Since benefits for new entrants are maximized in case of co-optimized participation in multiple markets, the paper discusses how implementing segments and concepts from USA and Australian markets could help in achieving this in Europe.