Energy Revolution Research Consortium - Plus - EnergyREV - Market Design for Scaling up Local Clean Energy Systems
Lead Research Organisation:
University of Strathclyde
Department Name: Electronic and Electrical Engineering
Abstract
Smart local energy systems offer the new opportunity to unlock valuable demand flexibility from owners of distributed energy technologies, such as electric vehicles, home batteries and heat-pumps. When combined with consumer-level ICT infrastructure, these resources allow previously passive consumers to become 'prosumers' - consumers who can proactively manage their consumption, production and storage of energy.
The smart local energy system demonstrators are expected to generate a range of local energy markets and platforms, offering new opportunities for prosumers to actively engage with the energy system. A wide variety of designs and business models for these markets and platforms are possible. Platforms are already operating that aggregate groups of prosumers and offer balancing services to National Grid. New markets for local flexibility services could enable prosumers to help manage voltage and thermal constraints, contributing to distribution system resilience. Markets for direct peer-to-peer energy trading have also been proposed, which would offer a win-win for prosumers, and the system as a whole, by facilitating the use of flexible resources to help match local supply and demand.
To ensure local energy markets create value locally, and can successfully scale up, energy market and regulatory arrangements will need adjustment. The major opportunity is for local energy markets to be integrated at the national scale, with clean local energy and flexibility reducing the need for large investments in generation and transmission infrastructure. Achieving this scale-up will require new market design frameworks and supporting technologies, with prosumer preferences and behaviours of central importance.
The project aims to answer the research question: "How can local and system-level energy markets be designed to successfully integrate local clean energy systems at the national scale?" High performance computing will be used for large-scale simulation, to study the interactions between local energy markets operating in parallel at different time scales and physical scales. This will facilitate the design of new local and system-level coordination mechanisms and policies, and allow their impact to be evaluated. The project will enhance the value offered by the Energy Revolution Research Consortium by providing novel insights and quantitative evidence which can be shared with the smart local energy system demonstrators as well as policy-makers.
The smart local energy system demonstrators are expected to generate a range of local energy markets and platforms, offering new opportunities for prosumers to actively engage with the energy system. A wide variety of designs and business models for these markets and platforms are possible. Platforms are already operating that aggregate groups of prosumers and offer balancing services to National Grid. New markets for local flexibility services could enable prosumers to help manage voltage and thermal constraints, contributing to distribution system resilience. Markets for direct peer-to-peer energy trading have also been proposed, which would offer a win-win for prosumers, and the system as a whole, by facilitating the use of flexible resources to help match local supply and demand.
To ensure local energy markets create value locally, and can successfully scale up, energy market and regulatory arrangements will need adjustment. The major opportunity is for local energy markets to be integrated at the national scale, with clean local energy and flexibility reducing the need for large investments in generation and transmission infrastructure. Achieving this scale-up will require new market design frameworks and supporting technologies, with prosumer preferences and behaviours of central importance.
The project aims to answer the research question: "How can local and system-level energy markets be designed to successfully integrate local clean energy systems at the national scale?" High performance computing will be used for large-scale simulation, to study the interactions between local energy markets operating in parallel at different time scales and physical scales. This will facilitate the design of new local and system-level coordination mechanisms and policies, and allow their impact to be evaluated. The project will enhance the value offered by the Energy Revolution Research Consortium by providing novel insights and quantitative evidence which can be shared with the smart local energy system demonstrators as well as policy-makers.
Planned Impact
Through this project, a new framework would be developed for combined local and system-wide energy market design, with the aim of helping to integrate local clean energy systems at the national scale.
Local authorities would benefit from new methodologies for building policy objectives into the design of local energy markets. This could include incentivising the take up of electric vehicles to improve air quality in particular areas, coordinating efficient use of on-street charging stations, offering subsidised energy to alleviate fuel poverty and increasing local utilisation of community-owned renewable generation.
Distribution network operators would be able to benefit from new market mechanisms for incentivising flexibility from prosumers. Without active coordination, the introduction of distributed renewables and the electrification of transport and heat are expected to lead to increasingly costly distribution networks, with more severe demand variability requiring investment in rarely used infrastructure. If properly coordinated, prosumers could alleviate this by contributing their flexibility to help manage demand locally. The project will investigate how local markets for distribution network services can be designed to incentivise efficient operation without exposing individual consumers to unacceptable price-volatility or unfairly penalising them for their location in the network.
At the national scale, coordinated use of clean local energy and flexibility could reduce the need for large investments in generation and transmission infrastructure. New negotiation mechanisms will be developed so that local energy markets operating in parallel at different time scales and physical scales can be integrated without degrading system resilience. The project will also investigate how the capacity market can be updated to achieve efficient investment in a system with a significant proportion of flexibility embedded within distribution networks.
Ultimately, by helping to ensure local energy markets are operating in alignment with system-level policy objectives, the research has the potential to contribute towards reducing energy costs for consumers across the system, reducing the cost of decarbonisation and improving energy security.
Local authorities would benefit from new methodologies for building policy objectives into the design of local energy markets. This could include incentivising the take up of electric vehicles to improve air quality in particular areas, coordinating efficient use of on-street charging stations, offering subsidised energy to alleviate fuel poverty and increasing local utilisation of community-owned renewable generation.
Distribution network operators would be able to benefit from new market mechanisms for incentivising flexibility from prosumers. Without active coordination, the introduction of distributed renewables and the electrification of transport and heat are expected to lead to increasingly costly distribution networks, with more severe demand variability requiring investment in rarely used infrastructure. If properly coordinated, prosumers could alleviate this by contributing their flexibility to help manage demand locally. The project will investigate how local markets for distribution network services can be designed to incentivise efficient operation without exposing individual consumers to unacceptable price-volatility or unfairly penalising them for their location in the network.
At the national scale, coordinated use of clean local energy and flexibility could reduce the need for large investments in generation and transmission infrastructure. New negotiation mechanisms will be developed so that local energy markets operating in parallel at different time scales and physical scales can be integrated without degrading system resilience. The project will also investigate how the capacity market can be updated to achieve efficient investment in a system with a significant proportion of flexibility embedded within distribution networks.
Ultimately, by helping to ensure local energy markets are operating in alignment with system-level policy objectives, the research has the potential to contribute towards reducing energy costs for consumers across the system, reducing the cost of decarbonisation and improving energy security.
Publications
Deakin M
(2019)
Stochastic Hosting Capacity in LV Distribution Networks
Tushar W
(2019)
A motivational game-theoretic approach for peer-to-peer energy trading in the smart grid
in Applied Energy
Tushar W
(2020)
Grid Influenced Peer-to-Peer Energy Trading
in IEEE Transactions on Smart Grid
Morstyn T
(2020)
Integrating P2P Energy Trading With Probabilistic Distribution Locational Marginal Pricing
in IEEE Transactions on Smart Grid
Braunholtz-Speight T
(2020)
Business models and financial characteristics of community energy in the UK
in Nature Energy
Deakin M
(2020)
Control of Pervasive Domestic-Scale Inverters for Minimizing Total Feeder Power
in Electric Power Systems Research
Ford R
(2020)
Are we seeing clearly? The need for aligned vision and supporting strategies to deliver net-zero electricity systems.
in Energy policy
Hall S
(2020)
Prioritising business model innovation: What needs to change in the United Kingdom energy system to grow low carbon entrepreneurship?
in Energy Research & Social Science
Morstyn T
(2020)
OPEN: An open-source platform for developing smart local energy system applications
in Applied Energy
Morstyn T
(2020)
Conic Optimization for Electric Vehicle Station Smart Charging With Battery Voltage Constraints
in IEEE Transactions on Transportation Electrification
Tushar W
(2020)
A coalition formation game framework for peer-to-peer energy trading
in Applied Energy
Han L
(2021)
Scaling Up Cooperative Game Theory-Based Energy Management Using Prosumer Clustering
in IEEE Transactions on Smart Grid
Hall S
(2021)
Matching consumer segments to innovative utility business models
in Nature Energy
Toubeau J
(2021)
Capturing Spatio-Temporal Dependencies in the Probabilistic Forecasting of Distribution Locational Marginal Prices
in IEEE Transactions on Smart Grid
Hall S
(2021)
Author Correction: Matching consumer segments to innovative utility business models
in Nature Energy
Morstyn T
(2021)
Multiscale design for system-wide peer-to-peer energy trading
in One Earth
Pedro M
(2021)
Agent-based simulation to assess the impact of electric vehicles on power networks: Swindon Borough Case Study
in Procedia Computer Science
Braunholtz-Speight T
(2021)
The long term future for community energy in Great Britain: A co-created vision of a thriving sector and steps towards realising it
in Energy Research & Social Science
Guerrero J
(2021)
Call-options in Peer-to-Peer Energy Markets
Morris M
(2021)
Decarbonisation of heat: How SLES can contribute
Crozier C
(2021)
Capturing diversity in electric vehicle charging behaviour for network capacity estimation
in Transportation Research Part D: Transport and Environment
Verba, N.
(2021)
The energy revolution: Cyber physical advances and opportunities for smart local energy systems
in arXiv
Han L
(2021)
Estimation of the Shapley Value of a Peer-to-peer Energy Sharing Game Using Multi-Step Coalitional Stratified Sampling
in International Journal of Control, Automation and Systems
Savelli I
(2021)
Better together: Harnessing social relationships in smart energy communities
in Energy Research & Social Science
Daruwala A
(2022)
Identifying and unlocking the value from heat decarbonisation in the United Kingdom
in Energy Research & Social Science
Charbonnier F
(2022)
Scalable multi-agent reinforcement learning for distributed control of residential energy flexibility
in Applied Energy
Charbonnier F
(2022)
Coordination of resources at the edge of the electricity grid: Systematic review and taxonomy
in Applied Energy
Savelli I
(2022)
Putting wind and solar in their place: Internalising congestion and other system-wide costs with enhanced contracts for difference in Great Britain
in Energy Economics
Hannon, M.
(2022)
Policies to Unlock UK Community Energy Finance
in SSRN
Khorasany M
(2022)
A framework for participation of prosumers in peer-to-peer energy trading and flexibility markets
in Applied Energy
Hall S
(2022)
Doing business model innovation for sustainability transitions - Bringing in strategic foresight and human centred design
in Energy Research & Social Science
Ding Y
(2022)
Distributionally Robust Joint Chance-Constrained Optimization for Networked Microgrids Considering Contingencies and Renewable Uncertainty
in IEEE Transactions on Smart Grid
Fan Z
(2022)
Component Analysis and Accuracy Improvement of Linear Power Flow Equation Based on Legendre Polynomial Expansion
in IEEE Transactions on Power Systems
Hardy J
(2022)
Anticipating customer-centred zero-carbon energy business models
in Nature Energy
Monasterios P
(2022)
Incorporating Forecasting and Peer-to-Peer Negotiation Frameworks Into a Distributed Model-Predictive Control Approach for Meshed Electric Networks
in IEEE Transactions on Control of Network Systems
Morstyn T
(2023)
Annealing-Based Quantum Computing for Combinatorial Optimal Power Flow
in IEEE Transactions on Smart Grid
Toubeau J
(2023)
Privacy-Preserving Probabilistic Voltage Forecasting in Local Energy Communities
in IEEE Transactions on Smart Grid
| Description | The EnergyREV consortium is working with the Prospering from the Energy Revolution (PFER) community, which is funded through the Industrial Strategy Challenge Fund. A key aspect of the work is to translate academic research and knowledge in Smart Local Energy Systems into impactful non-academic outputs. As a result, a wide range of tools and non-academic insight reports have been created. These are designed to be used and informative for a wide range of stakeholders. They are all available at: https://www.energyrev.org.uk/outputs/insights-and-tools/ |
| First Year Of Impact | 2021 |
| Sector | Energy |
| Impact Types | Societal,Economic,Policy & public services |
| Description | Dr Jeff Hardy Appointed Deputy Chair of UK Power Networks Customer Engagement Group |
| Geographic Reach | Local/Municipal/Regional |
| Policy Influence Type | Participation in a guidance/advisory committee |
| Impact | Together with the other members of the CEG, we influenced several areas of UK Power Networks plan, including on net zero, customer research and engagement, uncertainty, scenarios and resilience. |
| URL | https://ceg.ukpowernetworks.co.uk/ |
| Description | Oral and written evidence to House of Lords Industry and Regulators Committee Ofgem and Net Zero |
| Geographic Reach | National |
| Policy Influence Type | Contribution to a national consultation/review |
| Impact | Dr Jeff Hardy was quoted seven times in the final report. |
| URL | https://committees.parliament.uk/publications/9141/documents/159550/default/ |
| Description | Data-driven exploration of the carbon emissions impact of grid energy storage deployment and dispatch |
| Amount | £1,007,581 (GBP) |
| Funding ID | EP/W027321/1 |
| Organisation | Engineering and Physical Sciences Research Council (EPSRC) |
| Sector | Public |
| Country | United Kingdom |
| Start | 11/2022 |
| End | 10/2024 |
| Description | EPSRC-SFI: Blockchain transactions in the electricity industry: beyond tokenised energy |
| Amount | £176,553 (GBP) |
| Funding ID | EP/T028564/1 |
| Organisation | Engineering and Physical Sciences Research Council (EPSRC) |
| Sector | Public |
| Country | United Kingdom |
| Start | 02/2021 |
| End | 08/2022 |
| Description | Impact Acceleration Account Award Impact Workshop |
| Amount | £5,000 (GBP) |
| Funding ID | 0006898 |
| Organisation | Engineering and Physical Sciences Research Council (EPSRC) |
| Sector | Public |
| Country | United Kingdom |
| Start | 05/2019 |
| End | 03/2020 |
| Title | Great Britain High-Fidelity Transmission Network and Balancing Mechanism Data |
| Description | High-Fidelity data for the Great Britain transmission network and balancing mechanism. This combines unit-level market data from Elexon and detailed network data from the National Grid 10 Year Statement. It contains data for 1882 nodes, 2769 lines and 5002 balancing mechanism units. |
| Type Of Material | Database/Collection of data |
| Year Produced | 2022 |
| Provided To Others? | Yes |
| Impact | This model was used for analysis conducted for BEIS to investigate the value of locational enhancements to the UK's Contracts for Difference Auction scheme. A paper on this has been published: Savelli, I., Hardy, J., Hepburn, C., & Morstyn, T. (2022). Putting wind and solar in their place: Internalising congestion and other system-wide costs with enhanced contracts for difference in Great Britain. Energy Economics. |
| URL | https://github.com/EsaLaboratory/EnhancedCfD |
| Description | Collaboration with BEIS to Design an Enhanced Contracts-for Difference Scheme |
| Organisation | Government of the UK |
| Department | Department for Business, Energy and Industrial Strategy |
| Country | United Kingdom |
| Sector | Public |
| PI Contribution | Based on meetings with BEIS Renewable Support Scheme Strategy team, we have developed a detailed (3000-node) UK power system and market model, and used it to show how the Contracts-for-Difference scheme could be further enhanced by introducing cost components to internalise system-wide externalities. In particular, the proposed scheme can help: (i) incentivise more efficient investments by signalling where renewable assets can offer more value from a whole system perspective, (ii) promote fairer competition between renewable energy technologies with different levels of intermittency, and (iii) reduce actual carbon emissions by accounting for the effect of grid redispatch. |
| Collaborator Contribution | Meetings held with the BEIS Renewable Support Scheme Strategy team to understand current challenges with the existing contracts-for-difference scheme, and future objectives. |
| Impact | A journal paper has been published based on this work: Iacopo Savellia, Jeffrey Hardy, Cameron Hepburn, Thomas Morstyn, "Putting wind and solar in their place: Internalising congestion and other system-wide costs with enhanced contracts for difference in Great Britain" Energy Economics, 2022. doi: 10.1016/j.eneco.2022.106218 |
| Start Year | 2021 |
| Title | Open Platform for Energy Networks (OPEN) |
| Description | The Open Platform for Energy Networks (OPEN) provides a python toolset for modelling, simulation and optimisation of smart local energy systems. The framework combines distributed energy resource modelling (e.g. for PV generation sources, battery energy storage systems, electric vehicles), energy market modelling, power flow simulation and multi-period optimisation for scheduling flexible energy resources. We continue to extend OPEN as it is used on new projects. |
| Type Of Technology | Software |
| Year Produced | 2019 |
| Open Source License? | Yes |
| Impact | OPEN is currently being use for modelling, design and testing smart energy system control strategies and market designs for a number of projects including the "Vehicle-to-Grid Oxford (V2GO)" demonstration project, "EnergyREV - Market Design for Scaling up Local Clean Energy Systems" project, and EPSRC IAA projects "Perth West as a Case Study for the Value of Greenfield Smart Local Energy Systems" and "Assessing options for a smart, resilient and low-carbon multivector energy system in the Scottish Borders". |
| Description | Exhibition Road Day of Design panel session: "The Science Museum presents: Can batteries solve our clean energy problem?" |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Public/other audiences |
| Results and Impact | Public panel session organised by the the Science Museum, in collaboration with the Royal Commission of 1851. Focus was on "What are the problems we need to solve to before the national grid can go green?" Had good questions from attendees from the public including high school students. |
| Year(s) Of Engagement Activity | 2019 |
| URL | https://www.vam.ac.uk/articles/exhibition-road-day-of-design |
| Description | IEEE Power and Energy Society General Meeting 2020 - Invited to present at panel session on "Intelligent Demand-Side Management in Consumer-Centric Energy Systems" |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Panel session hosted by the IEEE Power and Energy Society Power System Economics Subcommittee at the 2020 IEEE Power and Energy Society General Meeting (held virtually). The goal of the panel was to holistically explore the economic, regulatory and technical challenges and opportunities that arise in the context of consumer-centric power systems, electricity markets and other interdependent infrastructure systems |
| Year(s) Of Engagement Activity | 2020 |
| URL | https://resourcecenter.ieee-pes.org/conferences/general-meeting/PES_CVS_GM20_0805_3473.html |
| Description | INFORMS Annual Meeting 2020 - Invited to chair a panel session on "Market Design for Peert-to-Peer Energy Trading and Distribution System Flexibility" and to present at a panel session on "Market Models and Optimization in Active Distribution Networks" |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Invited to chair a panel session on "Market Design for Peert-to-Peer Energy Trading and Distribution System Flexibility" and to present at a panel session on "Market Models and Optimization in Active Distribution Networks" at the INFORMS 2020 Annual Meeting (held virtually). The INFORMS Annual Meeting is the main gathering of the The Institute for Operations Research and the Management Sciences. The aim of the panel sessions was to help introduce local energy market design as a new research problem for a broader audience of operations researchers, game theorists and computer scientists. |
| Year(s) Of Engagement Activity | 2020 |
| URL | http://meetings2.informs.org/wordpress/annual2020 |
| Description | INFORMS Annual Meeting 2021 - Chaired Panel Session on "Market Design for Smart Local Energy Systems" |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Invited to chair a panel session on "Market Design for Smart Local Energy Systems" at the INFORMS 2021 Annual Meeting (held virtually). The INFORMS Annual Meeting is the main gathering of the The Institute for Operations Research and the Management Sciences. The aim of the session was to bring together researchers working at the forefront of energy market design to discuss the state-of-the-art and identify impactful research directions. |
| Year(s) Of Engagement Activity | 2021 |
| URL | http://meetings.informs.org/wordpress/anaheim2021/schedule |
| Description | INFORMS Annual Meeting 2022 - Panel Session on Market Design in Future Energy Systems |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Invited to present at a Panel Session on "Market design in future energy systems" at the INFORMS 2022 Annual Meeting. The INFORMS Annual Meeting is the main conference of The Institute for Operations Research and the Management Sciences. The talk had approximately 30 attendees, including academics from engineering, economics and computer science as well as policymakers and industry professionals. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://meetings.informs.org/wordpress/indianapolis2022/ |
| Description | Panel Sessions at INFORMS Annual Meeting 2019 |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Invited to present on panel session on "Advanced Game-theoretic Models in Energy Systems" and "Advanced Analytics for Local Energy Markets and Aggregator Business Models" the INFORMS 2019 Annual Meeting in Seattle. The INFORMS Annual Meeting is the main gathering of the The Institute for Operations Research and the Management Sciences. The aim of the panel sessions was to help introduce local energy market design as a new research problem for a broader audience of operations researchers, game theorists and computer scientists. |
| Year(s) Of Engagement Activity | 2019 |
| Description | Panel session on "Harnessing the Flexibility of Behind-the-Meter Energy Resources" at the 2019 IEEE Power and Energy Society General Meeting |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Panel session hosted by the IEEE Working Group on Demand Response at the 2019 IEEE Power and Energy Society General Meeting in Atlanta. |
| Year(s) Of Engagement Activity | 2019 |
| URL | https://site.ieee.org/pes-psope/subcommittees/power-system-economics-subcommittee/working-group-on-d... |
| Description | Policy Contact Group |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Policymakers/politicians |
| Results and Impact | The EnergyREV Policy Contact Group (PCG) was a standing group of the EnergyREV consortium that met quarterly to discuss and where appropriate, act on, policy and regulatory issues arising from existing and emerging evidence from the EnergyREV consortium, smart local energy system demonstrators and relevant wider projects and stakeholders. Its membership comprised policy-makers in the Department for Business, Energy and Industrial Strategy (BEIS), Scottish Government, Welsh Government and Ofgem. The Energy Systems Catapult Energy Revolution Integration Service was also be represented. The EnergyREV consortium provided the secretariat to the PCG. |
| Year(s) Of Engagement Activity | 2019,2020,2021,2023 |
| URL | https://www.energyrev.org.uk/themes/institutions/policy-regulation-and-market-enablers/ |
| Description | Report launch - Working Paper 3: Decarbonisation of heat: How smart local energy systems can contribute |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Policymakers/politicians |
| Results and Impact | Launch of EnergyREV Working Paper 3: Decarbonisation of heat: How smart local energy systems can contribute, attended by 100+ energy stakeholders. Significant follow up, including an invitation to present the report to BEIS. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.energyrev.org.uk/outputs/insights-and-tools/working-paper-3-decarbonisation-of-heat-how-... |
| Description | Seminar for the Iran Local Energy Market Committee |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | Presentation of research to the Iran Local Energy Market Committee in collaboration with the Iran Future Energy Market Forum and Iran Energy Agency. 30+ attendees showed interest with lots of questions at end of presentation. Outcomes: - New acdemic collaboration established with Dr Mohsen Khorasany and Dr Amin Shokri Gzafroudi on the design of integrated markets for peer-to-peer energy trading and distribution system flexibility. - Asked to present a webinar for the second season of the Iran Local Energy Market Forum on tools, libraries, and softwares related to modelling local energy markets - Asked to contribute two book chapters for a new book being published by Springer, "Trading in Local Energy Markets and Energy Communities: Concepts, Structures and Technologies" |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.youtube.com/watch?v=YVUJyd-CzaE |
| Description | The Oxford Workshop on Flexible Federated Energy Systems |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | On the 2nd of October 2019, I organised and hosted the "Oxford Workshop on Flexible Federated Energy Systems". Funding for the workshop was provided by an EPSRC Impact Acceleration Award, and the event was co-organised by the Oxford Energy and Power Group, the Smith School for Enterprise and the Environment, and the Oxford Martin School Programme on Integrating Renewable Energy. The workshop brought together 28 representatives from industry and academia working on market design for smart local energy systems (SLES). The aim was to discuss emerging challenges and opportunities, with sessions focused on: 'What value can SLES offer?'; 'How can we design markets for SLES?'; 'How can we integrate local flexibility into transmission system operations?'; and 'What new tools are needed for managing SLES?'. As hoped, these topics provoked lively discussion and new ideas for collaborations. Presentations were given by Malcolm McCulloch from the Local Energy Oxfordshire (LEO) demonstrator, Colm Murphy from National Grid ESO, Steve Atkins from Scottish and Southern Electricity Networks and Nick Good from Upside Energy. Subsequent to the meeting, Paul Cuffe from UCD and I developed a joint EPSRC and SFI grant proposal based on discussions we had at the workshop which was funded: "EPSRC-SFI: Blockchain transactions in the electricity industry: beyond tokenised energy" (EP/T028564/1) |
| Year(s) Of Engagement Activity | 2019 |
| Description | Trading Sunlight: Prospects for P2P energy trading (Breakfast Briefing) |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Invited to present at event launching the report "Trading Sunlight: Prospects for peer to peer energy trading in the UK solar industry", which I contributed a chapter to on "How can P2P energy trading platforms be designed to create value for both prosumers and system operators?" co-authored with Dr Helen Gavin. The event brought together over 60 representatives from industry and goverement interested in new business models for solar generation. |
| Year(s) Of Engagement Activity | 2019 |
| URL | https://www.solar-trade.org.uk/trading-sunlight-prospects-for-peer-to-peer-energy-trading/ |