Energy Market Design
The growing share of distributed and renewable energy resources creates both challenges and opportunities for system operators (TSOs and DSOs), market participants and end consumers. On the one hand, power systems increasingly face issues related to frequency control, congestion management and voltage control. On the other hand, these resources create new opportunities to provide and trade flexibility services, helping market participants optimise their energy costs.
Enabling Flexibility Markets
The emergence of flexibility markets, combined with advances in big data, machine learning and digital metering, is transforming the way flexibility is traded. These developments enable system operators, prosumers and energy traders to participate in innovative market mechanisms and unlock new sources of value.
Designing Smart Markets and Products
Effective market design must account for interactions between stakeholders, non-rational prosumer behaviour and potential market distortions, such as a lack of technology neutrality. EnergyVille has advanced market design & simulation capabilities to determine the right market, service or product and models dynamic multi-energy systems and multi-stakeholder behaviour to enable governments and system operators to drive the energy transition in Flanders and Europe.
