Projects
Projects: Projects for Investigator |
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| Reference Number | NIA_SSEN_0047 | |
| Title | TraDER | |
| Status | Completed | |
| Energy Categories | Other Cross-Cutting Technologies or Research 70%; Other Power and Storage Technologies(Electricity transmission and distribution) 30%; |
|
| Research Types | Applied Research and Development 100% | |
| Science and Technology Fields | SOCIAL SCIENCES (Economics and Econometrics) 50%; ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering) 50%; |
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| UKERC Cross Cutting Characterisation | Not Cross-cutting 100% | |
| Principal Investigator |
Project Contact No email address given Scottish and Southern Energy plc |
|
| Award Type | Network Innovation Allowance | |
| Funding Source | Ofgem | |
| Start Date | 01 March 2020 | |
| End Date | 28 February 2023 | |
| Duration | ENA months | |
| Total Grant Value | £275,000 | |
| Industrial Sectors | Power | |
| Region | Scotland | |
| Programme | Network Innovation Allowance | |
| Investigators | Principal Investigator | Project Contact , Scottish and Southern Energy plc (100.000%) |
| Industrial Collaborator | Project Contact , Scottish and Southern Energy plc (0.000%) |
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| Web Site | https://smarter.energynetworks.org/projects/NIA_SSEN_0047 |
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| Objectives | Project TraDER will both develop and trade a near real time distribution constraint product and integrate this market both horizontally (i.e. with other, longer term Distribution System Operator (DSO) products) and vertically (i.e. other trades within the same time period, such as the Balancing Mechanism). TraDER will provide a platform creating single access point, making it easier for distributed energy resources to provide valuable services such as balancing, stability, and network capacity.In this way, “whole system value” is maximised by enabling price driven coordination between Electricity System operator (ESO), DSO and other market participants. Moreover, since the definition of “whole system value” is simply a function of the defined products in the market, it is capable of evolving over time as the market products themselves evolve. In this way, TraDERs approach is highly flexible and can be extended in later iterations..Project TraDER will deliver a neutral market platform, the operation can either be centralised (operated by a neutral market facilitator), or decentralised (overseen by multiple governing authorities). Both the governance structure and the commercial model will be studied and determined throughout the project.TraDER is not a dispatch platform, rather a marketplace based around the principles of self-dispatch. Moreover, TraDER is not looking to replace the residual market, rather to gradually aggregate liquidity in near real time, traded markets. Electron, a UK based Entech company, have been appointed by BEIS to lead a consortium to develop a neutral, multi-product flexibility exchange as part of its FleX competition.The consortium, named TraDER, brings together CGI, EdF Energy, Elexon, Energy Systems Catapult, Kaluza [an OVO company | |
| Abstract | Project TraDER will deliver a neutral market platform, the operation can either be centralised (operated by a neutral market facilitator), or decentralised (overseen by multiple governing authorities). Both the governance structure and the commercial model will be studied and determined throughout the project.TraDER is not a dispatch platform, rather a marketplace based around the principles of self-dispatch. Moreover, TraDER is not looking to replace the residual market, rather to gradually aggregate liquidity in near real time, traded markets. | |
| Publications | (none) |
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| Final Report | (none) |
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| Added to Database | 02/11/22 | |
