The increasing share of distributed & renewable energy resources provide challenges but also opportunities for system operators (TSOs and DSOs), market participants and end consumers. Although they might be increasingly confronted with grid problems related to frequency control, congestion management and voltage control, these assets provide new opportunities for market participants to buy and provide flexibility services to optimise the cost of their activity. The emergence of flexibility markets, developments in big data and machine learning, and the roll-out of digital metering are important facilitators, enabling system operators, prosumers and traders to adopt new innovative ways to trade flexibility.
Smart design of markets & products is thereby required to account for the interactions between stakeholders, non-rational prosumer behaviour or possible market distortions such as 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.