Innovative Electricity Market Designs to Support a Transition to (Near) 100% Renewable Power System: First Results from H2020 TradeRES Project

Developing innovative electricity market designs to facilitate a sustainable transition to (near) 100% renewable power systems while meeting societal needs is a crucial and actual topic of research. This article presents preliminary key findings from the H2020 European project TradeRES, addressing this critical topic. The project uses agent...

Self-consumption rises due to energy crises? An evaluation of prosumers' consumption behavior in 2022

Prosumers with photovoltaic systems can reduce their electricity expenses by increasing their consumption of self-generated electricity. This makes them more resilient to price shocks, like the 2022 European energy crisis. We evaluate how prosumers adapt their consumption behavior in response to such political uncertainty and increasing...

Congestion management in electricity distribution networks: Smart tariffs, local markets and direct control

Increasing peaks from high-power loads such as EVs and heat pumps lead to congestion of electric distribution grids. The inherent flexibility of these loads could be used to resolve congestion events. Possible options for this are smart network tariffs, market-based approaches, and direct control of flexible loads by the network operator. In...

Can an energy only market enable resource adequacy in a decarbonized power system?: A co-simulation with two agent-based-models

Future power systems, in which generation will come almost entirely from variable Renewable Energy Sources (vRES), will be characterized by weather-driven supply and flexible demand. In a simulation of the future Dutch power system, we analyze whether there are sufficient incentives for market-driven investors to provide a sufficient level of...

Risk vs. restriction—An investigation of capacity-limitation based congestion management in electric distribution grids

Electrification of energy end-uses brings an increasing load on electric distribution grids with load peaks that can cause network congestion. However, many new end-uses like electric vehicles, heat pumps, and electrified industrial processes have some flexibility to move their power consumption away from peak times. Congestion management...

To charge or not to charge? Using Prospect Theory to model the tradeoffs of electric vehicle users

Electric vehicle (EV) users who aim to become flexibility providers face a tradeoff between staying in control of charging and minimizing their electricity costs. The common practice is to charge immediately after plugging in and use more electricity than necessary. Changing this can increase the EV’s flexibility potential and reduce...

Can behavioral interventions optimize self-consumption? Evidence from a field experiment with prosumers in Germany

Aligning prosumers' electricity consumption to the availability of self-generated electricity decreases CO₂ emissions and costs. Nudges are proposed as one behavioral intervention to orchestrate such changes. At the same time, fragmented findings in the literature make it challenging to identify suitable behavioral interventions...