Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation

Henrik Schwarz; Hampus Fink Gärdström; Nicolas Fatras; Frederik Wagner Madsen; Bo Nørregaard Jørgensen; Zheng Grace Ma

doi:10.1007/978-3-031-74738-0_5

Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation

Henrik Schwarz^*, Hampus Fink Gärdström^*, Nicolas Fatras, Frederik Wagner Madsen, Bo Nørregaard Jørgensen^*, Zheng Grace Ma^*

^*Corresponding author for this work

University of Southern Denmark

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

Abstract

In deregulated electricity markets, large industrial consumers face significant challenges in participating effectively due to complexities in market regulations and diverse flexibility requirements. This paper introduces “Process2Market,” a web-based evaluation tool designed to assist large electricity consumers in the Nordics by leveraging the Process-to-Market Matrix Mapping (P2MM) model. The tool employs a Python-based optimization program integrated with a comprehensive questionnaire and market data analysis to evaluate market participation feasibility. By providing an accessible online interface, Process2Market facilitates broader engagement and understanding among stakeholders, including researchers and electricity consumers. A case study involving a hypothetical Power-to-Hydrogen (PtH) facility demonstrates the tool’s practical application, highlighting its potential to enhance grid stability through increased demand-side flexibility and optimized market participation. This paper contributes to the field by presenting a detailed methodology for developing a web-based tool, offering a practical application in a case study, and providing insights into the integration of industrial processes into electricity markets.

Original language	English
Title of host publication	Energy Informatics : 4th Energy Informatics Academy Conference, EI.A 2024, Kuta, Bali, Indonesia, October 23–25, 2024, Proceedings, Part I
Editors	Bo Nørregaard Jørgensen, Zheng Grace Ma, Fransisco Danang Wijaya, Roni Irnawan, Sarjiya Sarjiya
Number of pages	18
Publisher	Springer Science+Business Media
Publication date	2025
Pages	71-88
ISBN (Print)	9783031747373
DOIs	https://doi.org/10.1007/978-3-031-74738-0_5
Publication status	Published - 2025
Event	4th Energy Informatics.Academy Conference, EI.A 2024 - Bali, Indonesia Duration: 23. Oct 2024 → 25. Oct 2024

Conference

Conference	4th Energy Informatics.Academy Conference, EI.A 2024
Country/Territory	Indonesia
City	Bali
Period	23/10/2024 → 25/10/2024

Series	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	15271 LNCS
ISSN	0302-9743

Bibliographical note

Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.

Keywords

Demand response
electricity consumers
electricity market
flexibility parameters
optimization model
Power-to-Hydrogen
web-based tool

Documents & Links

10.1007/978-3-031-74738-0_5

Cite this

Schwarz, H., Gärdström, H. F., Fatras, N., Madsen, F. W., Jørgensen, B. N., & Ma, Z. G. (2025). Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation. In B. N. Jørgensen, Z. G. Ma, F. D. Wijaya, R. Irnawan, & S. Sarjiya (Eds.), Energy Informatics: 4th Energy Informatics Academy Conference, EI.A 2024, Kuta, Bali, Indonesia, October 23–25, 2024, Proceedings, Part I (pp. 71-88). Springer Science+Business Media. https://doi.org/10.1007/978-3-031-74738-0_5

Schwarz, Henrik ; Gärdström, Hampus Fink ; Fatras, Nicolas et al. / Process-to-Market : A Web-Based Evaluation Tool for Electricity Market Participation. Energy Informatics: 4th Energy Informatics Academy Conference, EI.A 2024, Kuta, Bali, Indonesia, October 23–25, 2024, Proceedings, Part I. editor / Bo Nørregaard Jørgensen ; Zheng Grace Ma ; Fransisco Danang Wijaya ; Roni Irnawan ; Sarjiya Sarjiya. Springer Science+Business Media, 2025. pp. 71-88 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), Vol. 15271 LNCS).

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title = "Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation",

abstract = "In deregulated electricity markets, large industrial consumers face significant challenges in participating effectively due to complexities in market regulations and diverse flexibility requirements. This paper introduces “Process2Market,” a web-based evaluation tool designed to assist large electricity consumers in the Nordics by leveraging the Process-to-Market Matrix Mapping (P2MM) model. The tool employs a Python-based optimization program integrated with a comprehensive questionnaire and market data analysis to evaluate market participation feasibility. By providing an accessible online interface, Process2Market facilitates broader engagement and understanding among stakeholders, including researchers and electricity consumers. A case study involving a hypothetical Power-to-Hydrogen (PtH) facility demonstrates the tool{\textquoteright}s practical application, highlighting its potential to enhance grid stability through increased demand-side flexibility and optimized market participation. This paper contributes to the field by presenting a detailed methodology for developing a web-based tool, offering a practical application in a case study, and providing insights into the integration of industrial processes into electricity markets.",

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author = "Henrik Schwarz and G{\"a}rdstr{\"o}m, {Hampus Fink} and Nicolas Fatras and Madsen, {Frederik Wagner} and J{\o}rgensen, {Bo N{\o}rregaard} and Ma, {Zheng Grace}",

note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.; 4th Energy Informatics.Academy Conference, EI.A 2024 ; Conference date: 23-10-2024 Through 25-10-2024",

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Schwarz, H , Gärdström, HF, Fatras, N, Madsen, FW, Jørgensen, BN & Ma, ZG 2025, Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation. in BN Jørgensen, ZG Ma, FD Wijaya, R Irnawan & S Sarjiya (eds), Energy Informatics: 4th Energy Informatics Academy Conference, EI.A 2024, Kuta, Bali, Indonesia, October 23–25, 2024, Proceedings, Part I. Springer Science+Business Media, Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 15271 LNCS, pp. 71-88, 4th Energy Informatics.Academy Conference, EI.A 2024, Bali, Indonesia, 23/10/2024. https://doi.org/10.1007/978-3-031-74738-0_5

Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation. / Schwarz, Henrik ; Gärdström, Hampus Fink; Fatras, Nicolas et al.
Energy Informatics: 4th Energy Informatics Academy Conference, EI.A 2024, Kuta, Bali, Indonesia, October 23–25, 2024, Proceedings, Part I. ed. / Bo Nørregaard Jørgensen; Zheng Grace Ma; Fransisco Danang Wijaya; Roni Irnawan; Sarjiya Sarjiya. Springer Science+Business Media, 2025. p. 71-88 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), Vol. 15271 LNCS).

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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T2 - 4th Energy Informatics.Academy Conference, EI.A 2024

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AU - Fatras, Nicolas

AU - Madsen, Frederik Wagner

AU - Jørgensen, Bo Nørregaard

AU - Ma, Zheng Grace

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PY - 2025

Y1 - 2025

N2 - In deregulated electricity markets, large industrial consumers face significant challenges in participating effectively due to complexities in market regulations and diverse flexibility requirements. This paper introduces “Process2Market,” a web-based evaluation tool designed to assist large electricity consumers in the Nordics by leveraging the Process-to-Market Matrix Mapping (P2MM) model. The tool employs a Python-based optimization program integrated with a comprehensive questionnaire and market data analysis to evaluate market participation feasibility. By providing an accessible online interface, Process2Market facilitates broader engagement and understanding among stakeholders, including researchers and electricity consumers. A case study involving a hypothetical Power-to-Hydrogen (PtH) facility demonstrates the tool’s practical application, highlighting its potential to enhance grid stability through increased demand-side flexibility and optimized market participation. This paper contributes to the field by presenting a detailed methodology for developing a web-based tool, offering a practical application in a case study, and providing insights into the integration of industrial processes into electricity markets.

AB - In deregulated electricity markets, large industrial consumers face significant challenges in participating effectively due to complexities in market regulations and diverse flexibility requirements. This paper introduces “Process2Market,” a web-based evaluation tool designed to assist large electricity consumers in the Nordics by leveraging the Process-to-Market Matrix Mapping (P2MM) model. The tool employs a Python-based optimization program integrated with a comprehensive questionnaire and market data analysis to evaluate market participation feasibility. By providing an accessible online interface, Process2Market facilitates broader engagement and understanding among stakeholders, including researchers and electricity consumers. A case study involving a hypothetical Power-to-Hydrogen (PtH) facility demonstrates the tool’s practical application, highlighting its potential to enhance grid stability through increased demand-side flexibility and optimized market participation. This paper contributes to the field by presenting a detailed methodology for developing a web-based tool, offering a practical application in a case study, and providing insights into the integration of industrial processes into electricity markets.

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KW - electricity consumers

KW - electricity market

KW - flexibility parameters

KW - optimization model

KW - Power-to-Hydrogen

KW - web-based tool

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U2 - 10.1007/978-3-031-74738-0_5

DO - 10.1007/978-3-031-74738-0_5

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SN - 9783031747373

T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)

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BT - Energy Informatics

A2 - Jørgensen, Bo Nørregaard

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A2 - Wijaya, Fransisco Danang

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A2 - Sarjiya, Sarjiya

PB - Springer Science+Business Media

Y2 - 23 October 2024 through 25 October 2024

ER -

Schwarz H , Gärdström HF, Fatras N, Madsen FW, Jørgensen BN , Ma ZG. Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation. In Jørgensen BN, Ma ZG, Wijaya FD, Irnawan R, Sarjiya S, editors, Energy Informatics: 4th Energy Informatics Academy Conference, EI.A 2024, Kuta, Bali, Indonesia, October 23–25, 2024, Proceedings, Part I. Springer Science+Business Media. 2025. p. 71-88. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), Vol. 15271 LNCS). doi: 10.1007/978-3-031-74738-0_5

Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation

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Keywords

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