Re-Designing GB’s Electricity Market Design: A Conceptual Framework Which Recognises the Value of Distributed Energy Resources
| Autor: | Iain Soutar, Catherine Mitchell, Thomas Pownall |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Control and Optimization
020209 energy Energy Engineering and Power Technology smart energy system 02 engineering and technology 010501 environmental sciences lcsh:Technology 01 natural sciences distribution gap COVID-19 distributed locational marginal price decentralised electricity system Consolidation (business) 0202 electrical engineering electronic engineering information engineering Electricity market Electrical and Electronic Engineering Engineering (miscellaneous) Industrial organization 0105 earth and related environmental sciences Flexibility (engineering) lcsh:T Renewable Energy Sustainability and the Environment business.industry Grid Conceptual framework Distributed generation Value (economics) Electricity business Energy (miscellaneous) |
| Zdroj: | Energies, Vol 14, Iss 1124, p 1124 (2021) Energies; Volume 14; Issue 4; Pages: 1124 |
| ISSN: | 1996-1073 |
| Popis: | The design of electricity markets determines the technologies, services and modes of operation that can access value, consequently shaping current and future electricity landscapes. This paper highlights that the efficacy of Great Britain’s electricity market design in facilitating net zero is inadequate and must be reconfigured. The rules of the current electricity market design are remnants of an electricity sector dominated by large-scale, centralised, fossil fuel technologies. Therefore, routes to market for the provision of necessary services to support net zero, not least flexibility, are largely inaccessible for distributed energy resources and, despite their benefits to the system, are thus undervalued. Based upon a review and consolidation of 30 proposed electricity market designs from liberalised electricity sectors, this paper proposes a new electricity market design for Great Britain. This design is presented alongside a new institutional framework to aid in the efficient operation of the market. Specifically, this paper proposes a new local balancing and coordinating market located at each grid supply point (the transmission and distribution interface). This is realised through the implementation of a distributed locational marginal pricing structure which is governed by the evolution of the current distributed network operator, known as the distributed service provider (DSP). The DSP also operates a local balancing and ancillary market for their geographical area. The wholesale market is reconfigured to coordinate with these new local markets and to harmonise the actors across the distribution and transmission network. |
| Databáze: | OpenAIRE |
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