Process-to-market matrix mapping: A multi-criteria evaluation framework for industrial processes’ electricity market participation feasibility

Nicolas Fatras*, Zheng Ma, Bo Nørregaard Jørgensen

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Abstrakt

Industrial consumers have a high potential to directly participate in short-term electricity markets to provide flexibility to the electricity system, particularly due to their large electricity consumption and accurate control of electricity-consuming processes. However, the different market participation options available in a deregulated electricity market context make participation feasibility unclear, as each (sub)market option has different market regulations. To address this issue, this paper proposes a process-to-market matrix mapping framework to evaluate the most feasible electricity (sub)markets for a given industrial process based on a set of techno-regulatory criteria. There are three stages in this framework: at stage 1, the properties of the industrial consumer and the market options are described in terms of standardised criteria; at stage 2, a matrix is developed to link consumer flexibility criteria (horizontal dimension of the matrix) to the relevant market criteria (vertical dimension); at stage 3, a scoring system is applied to evaluate the participation barrier level for each criterion link in the matrix. This paper uses the Danish electricity (sub)markets to illustrate the evaluation framework, and takes an industrial greenhouse, a cement mill and a cooling house as industrial process case studies to implement the developed method. Results show the main participation barriers, both from a market regulation and an industrial consumer perspective. From these, it appears that the type of industrial process significantly influences the choice of (sub)market to participate in. Barriers can be minimised by choosing market options with regulations better aligned with the consumer's flexibility criteria. The importance of flexibility at the organisational level for market participation feasibility is also underlined. The developed framework provides a systematic method to evaluate the market participation feasibility, which can be used as a decision support tool for market participation and to overcome identified techno-regulatory barriers.

OriginalsprogEngelsk
Artikelnummer118829
TidsskriftApplied Energy
Vol/bind313
Antal sider21
ISSN0306-2619
DOI
StatusUdgivet - 1. maj 2022

Bibliografisk note

Funding Information:
This study is conducted as part of the Sino-Danish Center university collaboration (https://sdc.university/). This work is part of a PhD scholarship funded by the Sino-Danish Center for Education and Research (SDC) with particular collaboration between University of Southern Denmark (Denmark) and University of Chinese Academy of Sciences (China). A flexibility estimation tool is to be developed based on the method introduced in the paper for contributing to the Flexible Energy Denmark project funded by Innovation Foundation Denmark (Journal nummer8090-00069B), and the GreenLab FlexPtX project funded by VILLUM FONDEN.

Funding Information:
This study is conducted as part of the Sino-Danish Center university collaboration (https://sdc.university/). This work is part of a PhD scholarship funded by the Sino-Danish Center for Education and Research (SDC) with particular collaboration between University of Southern Denmark (Denmark) and University of Chinese Academy of Sciences (China) . A flexibility estimation tool is to be developed based on the method introduced in the paper for contributing to the Flexible Energy Denmark project funded by Innovation Foundation Denmark (Journal nummer8090-00069B), and the GreenLab FlexPtX project funded by VILLUM FONDEN.

Publisher Copyright:
© 2022 The Authors

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