Energy Revolution Research Consortium - Plus - EnergyREV - Market Design for Scaling up Local Clean Energy Systems

Completed

Other Cross-Cutting Technologies or Research(Energy system analysis)
Other Power and Storage Technologies(Electricity transmission and distribution)
Other Cross-Cutting Technologies or Research(Energy Economics)
Other Cross-Cutting Technologies or Research(Environmental, social and economic impacts)

Basic and strategic applied research

SOCIAL SCIENCES (Economics and Econometrics)
PHYSICAL SCIENCES AND MATHEMATICS (Applied Mathematics)
ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering)

Systems Analysis related to energy R&D (Energy modelling)
Sociological economical and environmental impact of energy (Other sociological economical and environmental impact of energy)

Dr S McArthur
Electronic and Electrical Engineering
University of Strathclyde

Standard

EPSRC

01 April 2019

31 March 2023

48 months

£501,887

Energy

Scotland

Prospering from the Energy Revolution

Dr S McArthur, Electronic and Electrical Engineering, University of Strathclyde

Dr C Hepburn, Grantham Research Inst on Climate Change, London School of Economics and Political Science (LSE)
Dr T Morstyn, Engineering Science, University of Oxford
Dr J Radcliffe, Electronic, Electrical and Computer Eng, University of Birmingham

Project Contact, Upside Energy Limited
Project Contact, Verv Energy

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

02/07/19