Quotation Dorner, Verena, Fridgen, Gilbert, Trick, Rebecca. 2015. The influence of the energy spot market on ‘on the micro grid markets’ (OMMs). Erasmus Energy Forum, Rotterdam, Niederlande, 18.06.-19.06.


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Abstract

The transition towards distributed energy resources (DER) for electricity generation has engendered new applications for information systems that enable the development of innovative business models for grid control and operation. Information systems enable the merging of DERs and energy consumers into micro grids. Micro grids increase efficiency, for example through shorter transmission distances. Cost savings from gains in efficiency can be distributed among micro grid participants via an ‘on the micro grid market’ (OMM) platform. However, due to differences in power plant parks, and fluctuations in the amounts of renewable energy generated, energy prices on OMMs are likely to differ from those on the spot market. With varying prices on both markets, from time to time the supply or demand side of the OMM may prefer to trade on the spot market – and that could cause it to stop functioning. The researchers developed an economic model to analyse the conditions under which OMMs are a viable concept for energy trading, and their results indicate that OMMs can in indeed function in competitive energy markets.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Paper presented at an academic conference or symposium
Language English
Title The influence of the energy spot market on ‘on the micro grid markets’ (OMMs)
Event Erasmus Energy Forum
Year 2015
Date 18.06.-19.06.
Country Netherlands
Location Rotterdam
URL https://www.rsm.nl/research/centres/ecfeb/events/energy-forum/editions/erasmus-energy-forum-2015/

Associations

People
Dorner, Verena (Details)
External
Fridgen, Gilbert (x, Germany)
Trick, Rebecca (x, Germany)
Organization
Institute for Digital Ecosystems IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5367 Management information systems (Details)
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