Goal:

The objective of this project is to design and validate the full framework for the development of local energy markets: architecture design, stakeholders roles, technological framework, regulatory needs, roadmap to market. So, the main activities will be:

• Design and develop a transparent local market concept
• Develop and demonstrate ICT components that will enable a local market concept
• Develop and demonstrate balancing and demand response services utilizing local markets
• Design and validate local market enabled business models
• Analyze and develop solutions for secure data handling related to local market enabled transactions

Highlights:

• Led by Empower
• NEW R&D leads the demonstration work package

NEW R&D’s scope:

• Coordination of the validation activities
• Definition of the specifications for the validation environment
• Cost Benefit Analysis of the new business models
• New Demand Response services for the retailer
• Integration of the local market with the wholesale, retail and ancillary energy markets

Partners: