16 Jul 2019

Evaluation of future market designs for multi-energy systems

This report (2019) is a public deliverable of the MAGNITUDE H2020 funded European project. The MAGNITUDE project aims to develop business and market mechanisms, as well as supporting coordination tools to provide flexibility to the European electricity system, by enhancing the synergies between electricity, heating/cooling and gas systems. The objective of this report is to identify, elaborate and evaluate future market schemes for multi-energy systems. This report proposes possible multi-carrier market schemes which can better reflect the interaction and interdependencies between the different energy carriers, which eventually can lead to higher overall social welfare. The report specifically focuses on the design of day-ahead (DA) multi-carrier energy markets as this is seen as the first step.

Author: MAGNITUDE

Keywords: energy market, market scheme, multi-energy systems, energy system integration, flexibility.