Aggregator's business models: Challenges faced by different roles

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

1 Citation (Scopus)
5 Downloads (Pure)

Abstract

Aggregators are considered essential to obtain flexibility from small residential and service sector consumers. They can implement business models by trading flexibility from their consumers' assets in various electricity markets. The aim of this paper is to identify challenges faced by aggregators with different roles, while implementing business models. We consider aggregators possessing three roles: of a supplier, Balance Responsible Party (BRP), and of an independent aggregator. The results show that challenges identified create higher complexity for aggregators with BRP's role and independent aggregators to implement business models, while it is significantly easier for aggregators with supplier's role. Recommendations are given to overcome the higher complexity: standardization of contracts and raising consumers awareness. These recommendations facilitate aggregators with different roles to implement their business models, and enable a healthy competition in electricity markets.

Original languageEnglish
Title of host publicationProceedings of 2020 IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020
PublisherIEEE
Pages484-488
Number of pages5
ISBN (Electronic)9781728171005
DOIs
Publication statusPublished - 2020
Event10th IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020 - Virtual/online event due to COVID-19, Netherlands
Duration: 26 Oct 202028 Oct 2020
Conference number: 10
https://ieee-isgt-europe.org/

Publication series

NameIEEE PES Innovative Smart Grid Technologies Conference Europe
Volume2020-October

Conference

Conference10th IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020
Abbreviated titleISGT-Europe 2020
CountryNetherlands
Period26/10/2028/10/20
OtherVirtual/online event due to COVID-19
Internet address

Keywords

  • Aggregator
  • Business model
  • Electricity market
  • Flexibility

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