Future Power Market Platform

Parts of the existing electricity usage and most of the additional demand from electro-mobility, heat-pumps with thermal storage and electrification of industrial processes offer opportunities for time-shifting. In a system with rapidly increasing shares of wind- and solar power this flexible demand will be highly valuable to balance the energy system. Given that the power generation capacity is expected to multiply relative to existing and expanding grid capacity, it will be essential that all the demand side flexibility can respond to national and local needs. If this is the case flexible demand can significantly alleviate network congestion, renewable spills, redispatch needs and system costs – otherwise they will have the opposite effect and in addition create system security risks.

In the first session, we will explore for electricity consumer segments with the largest flexibility potential the signals and incentives that they require for providing flexibility. In the second session we will discuss characteristics of the electricity marketplace that would be necessary and desirable for these different consumer segments to engage and to provide manually or supported through automation their flexibility to the marketplace. In the third session, we will then discuss the implications for electricity market design, and in particular what the interface to consumers (marketplace) in combination with nodal pricing does imply for market design. This can involve questions relating to the “competition” between TSOs and DSOs to access flexibility at the DSO level for congestion management or relating to the role of PXs.