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Flexibility has risen as a potential solution and complement for system operators’ current and future problems (e.g., congestion, voltage) caused by integrating distributed renewable resources (e.g., wind, solar) and electric vehicles. In parallel, local flexibility markets (LFM) emerge as a possible smart grid solution to bridge between flexibility-seeking customers and flexibility-offering customers in localized areas. Nevertheless, there is no unique, standard, or simple solution to tackle all the problems system operators and other energy actors face. Therefore, many local flexibility market concepts, initiatives (projects), and companies have developed various solutions over the last few years. At the same time, they increased the complexity of the topic. Thus, this research paper aims to describe several local flexibility market concepts, initiatives (projects), and companies in Europe. To do so, we propose a taxonomy derived from LFMs descriptions. We use the taxonomy-building research method proposed by [1] to develop our taxonomy. Moreover, we use the smart grid architecture model (SGAM) as a structural and foundation guideline. Given the numerous and diverse LFM solutions, we delimit the taxonomy by considering solutions focused on congestion management on medium and low voltage (meta-characteristic). |
