Trading In Local Energy Markets And Energy Communities

This book presents trading in local energy markets and communities. It covers electrical, business, economics, telecommunication, information technology (IT), environment, building, industrial, and computer science and examines the intersections of these areas with these markets and communities. Additionally, it delivers an vision for local trading and communities in smart cities. Since it also lays out concepts, structures, and technologies in a variety of applications intertwined with future smart cities, readers running businesses of all types will find material of use in the book. Manufacturing firms, electric generation, transmission and distribution utilities, hardware and software computer companies, automation and control manufacturing firms, and other industries will be able to use this book to enhance their energy operations, improve their comfort and privacy, as well as to increase the benefit from the energy system. This book is also used as a textbook for graduate level courses.

Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. Delineates key components shaping the design and implementation of local electricity market structure Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation

This book provides a general overview of virtual power plants (VPP) as a key technology in future energy communities and active distribution and transmission networks for managing distributed energy resources, providing local and global services, and facilitating market participation of small-scale managing distributed energy resources and prosumers. The book also aims at describing some practical solutions, business models, and novel architectures for the implementation of VPPs in the real world. Each chapter of the book begins with the fundamental structure of the problem required for a rudimentary understanding of the methods described. It provides a clear picture for practical implementation of VPP through novel technologies such as blockchain, digital twin, and distributed ledger technology. The book will help the electrical and power engineers, undergraduate, graduate students, research scholars, and utility engineers to understand the emerging solutions regarding the VPP concept lucidly.

The new finanacial markets for energy trading are growing globally. Financial derivatives now influence energy price formation for oil, gas and electricity. The power of the Internet is driving these global changes more rapidly and adding more price volatility. This book is the second of three books on energy trading and risk management written by best selling author Peter C. Fusaro. It covers the key new markets of emissions trading, weather driving, electronic energy trading, bandwidth trading and electricty and gas trading in Europe.

This book draws on social science analysis to understand the ongoing dynamics within and surrounding local energy communities in reliably electrified countries: Belgium, Canada, Colombia, France, Germany, India, the Netherlands, Spain, Switzerland and the United Kingdom. It offers a comprehensive overview of recent results and thus outlines a diversity of drivers and levers for scaling up energy communities or, at least, local energy sharing. Analysing the main types of energy communities such as collective self-consumption, citizen cooperatives and peer-to-peer digital platforms, the book does not only raise new questions for social scientists, but also offers a comprehensive overview for all those contributing to the circular economy and the decentralization of energy production in inhabited areas where energy consumption is concentrated. This book provides input for the ongoing debates in many European countries implementing the national law on the European directives for energy communities. Furthermore, without evading the antagonism between cooperative and market approaches, or the contradictions between different issues, the book outlines the innovative decision-making tools that can facilitate the development of local energy production and sharing systems. As well as being of interest to postgraduates and researchers in the field of energy studies, this book will be vital to energy professionals looking to support local energy communities’ decision-making and design, who wish to consider sociological, organizational and territorial dimensions.

“The essential training manual for anyone who expects to profi tably engage the energy market while avoiding the devils lurking in the details.” Kurt Yeager, former President and CEO of the Electric Power Research Institute and coauthor of Perfect Power Shrinking fossil fuel supplies, volatile prices, deregulation, and environmental conservation have transformed the energy market into a major arena for making money. In response, an unprecedented amount of capital and investment manpower has fl ooded into the energy market. Older utilities are finding that their quiet, safe business has changed dramatically in a short period of time. Now, Energy Trading and Investing provides a big-picture introduction to the industry along with the trading know-how and fi nancial details that every market participant needs for success. This hands-on guidebook covers all types of energy markets—from the big-three markets of electricity, natural gas, and oil to the growing markets for liquefied natural gas, emissions, and alternative energy. It provides useful information on the interdependence of the different energy markets, who the major players are, and how Wall Street trades energy products. Energy Trading and Investing features: An overview of the entire energy market In-depth descriptions of all of the major energy commodities Financially oriented discussions of how chemistry, physics, accounting, and option pricing affect trading Primers on load forecasting, tolling agreements, natural gas storage, and more A practical introduction to risk management Written by a pioneering quant in the energy market, Energy Trading and Investing provides a highly disciplined and organized approach to profi ting from energy investments. This potent combination of detailed, up-to-date information alongside expert know-how thoroughly prepares you to invest and trade with confi dence in the energy market. If you’re a serious trader, you need to understand the energy markets, and Energy Trading and Investing is the only book you need to trade successfully in this growing sector.

Energy Communities explores core potential systemic benefits and costs in engaging consumers into communities, particularly relating to energy transition. The book evaluates the conditions under which energy communities might be regarded as customer-centered, market-driven and welfare-enhancing. The book also reviews the issue of prevalence and sustainability of energy communities and whether these features are likely to change as opportunities for distributed energy grow. Sections cover the identification of welfare considerations for citizens and for society on a local and national level, and from social, economic and ecological perspectives, while also considering different community designs and evolving business models. Defines and conceptualizes the energy community for the current generation of researchers and practitioners facing the energy transition Explores the main benefits and challenges in forming energy communities and to what extent they are welfare-enhancing Examines under what terms, conditions, regulations or policies energy communities can be beneficially and successfully organized and why Reviews the combination of business models and forms of organization which are conducive to economic feasibility and the commercial success of energy communities

This book addresses important topical questions of microgrids and local energy systems. It begins with an investigation of the electrical protection of microgrids followed by a study of the power converters used and the utilization of multi-objective optimization for the selection of component ratings. Subsequent chapters address peer-to-peer energy trading in microgrids, local district heating and cooling systems, neighborhood generators used to supplement the utility electricity supplies in Iraq, and regulatory impediments to micro-wind generation in the United States.