2020 PES ISGT Europe 10/26 Panel Video: Localization in Electricity Markets: Moving down to the Distribution Grids

Local markets for electricity are gaining interest from academic and industrial researchers alike. At the level of the transmission networks and wholesale electricity markets, locational aspects have been included in the market clearing procedure for decades now. Currently, one of the energy transition challenges is to develop local market mechanisms for the distribution level of the electricity system. These mechanisms should be (1) fair, transparent and posing the right incentives to all stakeholders, (2) scalable, robust, increasing resiliency, and (3) connecting to the wholesale markets such that local and global stakes are balanced. Throughout Europe, there are multiple initiatives investigating the technical and commercial feasibility of local market mechanisms. In this panel, we will seek discussion between researchers and experts from academics and industry to identify open questions and set the R&D agenda, based on a common understanding of the current state of the art.