Regulatory Options for Local Reserve Energy Markets: Implications for Prosumers, Utilities, and Other Stakeholders

FCN Working Paper No. 12/2014

37 Pages Posted: 13 Jan 2015

See all articles by Christiane Rosen

Christiane Rosen

RWTH Aachen University, E.ON Energy Research Center, Institute for Future Energy Consumer Needs and Behavior (FCN)

Reinhard Madlener

RWTH Aachen University

Date Written: October 2014

Abstract

While the share of fluctuating renewable energy resources is constantly increasing, the centralized, hierarchical organization of the current energy system cannot adequately accommodate such decentralized electricity generation. New ideas have been developed for improved integration, especially in the lead market Germany. One of these concepts is the microgrid, a grid within the grid. This paper presents a local reserve energy market, which can facilitate the operation and allow trading within the microgrid. Emphasis is put on the regulatory options and current market framework, mainly from a European and German perspective, which serve as a basis for implementing the local market.

Keywords: local reserve energy market, balance group, prosumer

JEL Classification: C91, D03, D44, D83

Suggested Citation

Rosen, Christiane and Madlener, Reinhard, Regulatory Options for Local Reserve Energy Markets: Implications for Prosumers, Utilities, and Other Stakeholders (October 2014). FCN Working Paper No. 12/2014. Available at SSRN: https://ssrn.com/abstract=2548515 or http://dx.doi.org/10.2139/ssrn.2548515

Christiane Rosen (Contact Author)

RWTH Aachen University, E.ON Energy Research Center, Institute for Future Energy Consumer Needs and Behavior (FCN) ( email )

Mathieustrasse 10
Aachen, 52074
Germany

Reinhard Madlener

RWTH Aachen University ( email )

School of Business and Economics / E.ON ERC
Mathieustra├če 10
Aachen, 52074
Germany
+49 241 80 49 820 (Phone)
+49 241 80 49 829 (Fax)

HOME PAGE: http://www.eonerc.rwth-aachen.de/fcn

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