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
Date Written: October 2014
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: Suggested Citation