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Design and evaluation of a last-minute electricity market considering local grid limitations

: Grasenack, Martin; Jürgens, Lucas; Meißner, Anna Christin; Dreher, Alexander; Giron, Pedro; Knorr, Kasper; Vogt, Mike

Preprint urn:nbn:de:0011-n-6186097 (581 KByte PDF)
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Created on: 5.1.2021

Institute of Electrical and Electronics Engineers -IEEE-; Institute of Electrical and Electronics Engineers -IEEE-, Power & Energy Society -PES-:
17th International Conference on the European Energy Market, EEM 2020 : 16-18 September 2019, Stockholm, Sweden, Online conference
Piscataway, NJ: IEEE, 2020
ISBN: 978-1-7281-6919-4
ISBN: 978-1-7281-6920-0
Paper 1161, 6 pp.
International Conference on the European Energy Market (EEM) <17, 2020, Online>
Bundesministerium fur Wirtschaft und Energie BMWi (Deutschland)
SINTEG; 03SIN411; NEW 4.0
New 4.0 Norddeutsche Energiewende
Conference Paper, Electronic Publication
Fraunhofer IEE ()
Fraunhofer ISIT ()
energy market; schedule deviations; fast local intraday market; Smart Market; Co-Simulation

Schedule deviations have become a major issue in Germany's power system in recent years. This paper introduces a fast local intraday market design to address this problem. It shows the concept of a market clearing process for the 15- minute frame between the closing time of the intraday market and the time of delivery. This fast local intraday market shall reduce the schedule deviation of renewable energies and increase system stability. It also introduces a concept of considering grid limitations in the market process. Hence the grid sensitivities of the trading partners on the power grid are considered in the matching process. Therefore, a co-simulation which includes renewable energy providers, the system operator, the market component and flexibility providers is implemented. The results of the simulation show the predicted deviations in a 2025 scenario, the potential for flexibility, the reduction of the deviations and the expected costs.