Maximising value for local flexibility management in low voltage distribution networks

Patrick Lynch, Jamie Power, Richard Hickey, Derek Kelly, Thomas Messervey, Juan Manuel Espeche, Youssef Oualmakran

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Citations (Scopus)

Abstract

The integration of information and communication technologies into the energy infrastructures will profoundly change the business model structures of the electricity value chain. As business value will be increasingly attached to the bidirectional flows of electricity, data and revenue where flows are driven by a coupling of stakeholder optimization objectives and free market principles, new business platforms will emerge to harness future potential of the energy value chain. Utilizing the business modelling methodology of value network analysis, value flows are mapped within the context of a multi-sided business platform to understand the value created in a network of interdependent relationship, its networked position and the stakeholder interactions required for value delivery. Focusing on the low voltage area of the smart grid, this paper identifies the business platform, its actors, value proposition, and collaboration opportunities involving local energy communities where a local flexibility aggregator facilitates flexibility management between retailers, DSOs, consumers and prosumers.

Original languageEnglish
Title of host publicationIEEE 2nd International Smart Cities Conference
Subtitle of host publicationImproving the Citizens Quality of Life, ISC2 2016 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781509018451
DOIs
Publication statusPublished - 30 Sep 2016
Event2nd IEEE International Smart Cities Conference, ISC2 2016 - Trento, Italy
Duration: 12 Sep 201615 Sep 2016

Publication series

NameIEEE 2nd International Smart Cities Conference: Improving the Citizens Quality of Life, ISC2 2016 - Proceedings

Conference

Conference2nd IEEE International Smart Cities Conference, ISC2 2016
Country/TerritoryItaly
CityTrento
Period12/09/201615/09/2016

Keywords

  • Flexibility management
  • Local energy community
  • Local flexibility aggregator
  • Low voltage grid
  • Multi-sided business models
  • Prosumer
  • Smartgrid

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