https://www.sciencedirect.com/science/article/pii/S0959652622014159 The addition of local prosumers through solar and other small-scale variable renewable energy sources (VRES) have established a new set of energy producers, which are generally unable to efficiently participate in wholesale electricity markets. This has led to a rethinking of electricity markets and the emergence of local electricity markets (LEMs) (commonly referred to …

Trends in local electricity market design: Regulatory barriers and the role of grid tariffs Read More »

Local Electricity Markets (LEM) and peer-to-peer trading are new mechanisms to encourage the uptake of solar PV and to support the emergence of consumer-centric electricity markets. There is a lot of promise in this field, but they are not without their challenges. LEMs and P2P trading schemes can have scalability issues in terms of optimal …

Dynamic allocation of peer-to-peer clusters in virtual local electricity markets: A marketplace for EV flexibility Read More »

As penetration of variable renewable energy sources (VRES) continues to increase, more creative approaches must be taken to balance supply and demand than has been necessary in the past. One of these ideas is to create local energy communities (LECs) where households trade electricity with their neighbors directly, instead of buying and selling from the …

Impact of local electricity markets and peer-to-peer trading on low-voltage grid operations Read More »

Last summer, two students participating in the Sustainable Energy Systems & Markets dual degree at NTNU/TU Berlin participated in a joint internship with NTNU and IOTA. IOTA is a not-for-profit distributed ledger technology (DLT) company that aims to support frictionless data and value transfer, with a use case specializing in Internet of Things (IoT). As …

IOTA Internship in Collaboration with BEYOND Partner NTNU Read More »

A blog post from Markus Löschenbrand of BEYOND partner SINTEF details the changes in the power grid in recent decades, as well as potential solutions to the inherent added complexity of doing so. Regulatory shifts in the 90s towards market liberalization shifted the responsibility of R&D, investment decisions, and operational planning from large state monopolies …

Local electricity markets: Neighbourly help as a driver for sustainability Read More »

With the recent update on sensory and measurement equipment in households, communal buildings and small enterprises in the pilot region Großschönau, another important step has been taken towards starting data measurements for the project’s simulations. In this demo region, the project aims to demonstrate local market designs and also to provide insights on coupling energy …

Austrian region Großschönau prepares for data measurements in BEYOND project Read More »

Another recent thesis from the Department of Power Engineering at NTNU investigates the impacts of establishing a local peer-to-peer market in local energy communities (LECs). It analyzes these impacts based on voltage variations, grid dependency, and losses. The model in this thesis is based on two existing research models, one for multi-stage market optimization and …

“Impact of Local Electricity Markets and Peer-to-Peer Trading on Grid Operations in a Norwegian Low-Voltage Distribution Grid” by Marthe Fogstad Dynge Read More »

A recent thesis from the Department of Industrial Economics and Technology at NTNU investigates two different optimization-based system control strategies on a local electricity market level. These strategies are evaluated based on two outputs: the total cost of electricity during operation [for both the energy sharing region (ESR) as a whole and for each end-user …

“Comparing Optimization Strategies in Local Electricity Markets Applied to Large Industrial End-users in Norway and Residential Buildings in the UK” by Martine Halvorsen Sønju Read More »