Multiagent Simulation of Demand Flexibility Integration in Local Energy Markets

Overcoming the issues associated with the variability of renewable generation has become a constant challenge in power and energy systems. The use of load flexibility is one of the most promising ways to face it. Suitable ways to incorporate flexibility in the electricity market, in addition to the already challenging integration of distributed generation primary sources, are therefore crucial. The integration of prosumers and consumers flexibility in the market is, however, not straightforward, as current wholesale and retail market structures are not prepared to deal with the current and future needs of the system. Several models for local energy markets have been studied and experimented; but there it is still not clear what is the most efficient way to integrate the dynamic participation of demand flexibility in this type of local markets.This work has received funding from the EU Horizon 2020 research and innovation program under project TradeRES (grant agreement No 864276), from FEDER Funds through COMPETE program and from National Funds through (FCT) under projects CEECIND/01811/2017 and UID/EEA/00760/2019