1. Effective market integration of decentralized flexibility in the electricity system
Energydays
Introductie Michiel
Master thesis Nederland zweden
Spanish DSO
MIT collective power
taylor.

2. From commodity to differentiated value
Temporal value differentiation
Locational value differentiation
Diverse supply and demand curves from actors and technologies
Socialized cost of infrastructure more complex
Fuel price
Economy of scale
Non dispatchable
Close to consumption -> diseconomy of scale
Energydays

3. Cost-reflective markets
Balance market is about market adequacy
Verzuipen van onbalans free flex
Capacity markets
Fundamental/transitional
Which sub-market regulations are cost-reflective?
Wide variety of transaction mechanisms
Regulatory limitations
Balance market offer significant profits yet self-destructing size
Distribution capacity markets come as a local tipping point
Increased electrification resulting in “free flex”
Large asymmetry in market layers
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4. Inclusivity determines market models
Goal is cost-reflective and fair
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5. Platform functions
From sub-market to consumer -> platforms (market services – middle man)
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6. Perfect competition in fair markets
What type of market structure (player)
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7. Micro-economic characterization
Network effect TVPP
Transitional value perfect information CVPP
Fundamental/transitional
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8. Economies of scope ABB Google – amazon Tesla Banking
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9. Flexibility aggregator (single - explicit)
Centralized renewables
Capacity market mechanisms
Supra-national suppliers
Portfolio dispatch management
Flexibility aggregator
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10. Energy as a service (locational - explicit)
Energy vector integration
Unbundling
Energy management platform
Sustainable area developer
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11. Internet of energy (single - implicit)
Load defection
Infrastructure reinforcement
Retail subsidies
Digital infrastructure
System market platform
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12. Collective power (locational – implicit)
Electrification
Supra-national market
Load opportunism
Congestion management
Local utility
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13. Conclusion
The electricity system and market models are changing over time
The electricity system and market models are changing different per location
Market models are path dependent
Market models are both an optimization problem as well as a societal choice
(solar – squeeze of gas – taxes NL climate)
(Pyrenees – de minimis)
(system banks too big to fail vs Sweden) (algorithms – Enron marktmodel amerika)
(support climate change – wind turbines)
Energydays