Markets - 22/July/2021

Local energy auction trials made possible by digitalisation

CASE STUDY: The Cornwall Local Energy Market in the UK trialled algorithms to optimise auctions of power increase or load reduction offers while allowing simultaneous purchases of flexibility by different levels of grid operation

Distribution and transmission operators could trade for flexible capacity at the same time


The secret of systems that are user-friendly and simple is they are often the result of complex mathematical calculations. This is particularly true of the trials for a Local Energy Market (LEM) in southwest England, which sought to prove that decentralised renewables generation assets within the region could provide the grid with sufficient flexibility to self-balance the bigger swings in demand and supply that accompany a shift to localised clean power. ...

 

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