Re-Designing GB’s Electricity Market Design: A Conceptual Framework Which Recognises the Value of Distributed Energy Resources

The design of electricity markets determines the technologies, services and modes operation that can access value, consequently shaping current future landscapes. This paper highlights efficacy Great Britain’s market in facilitating net zero is inadequate must be reconfigured. rules are remnants an sector dominated by large-scale, centralised, fossil fuel technologies. Therefore, routes to for provision necessary support zero, not least flexibility, largely inaccessible distributed energy resources and, despite their benefits system, thus undervalued. Based upon a review consolidation 30 proposed designs from liberalised sectors, this proposes new Britain. presented alongside institutional framework aid efficient market. Specifically, local balancing coordinating located at each grid supply point (the transmission distribution interface). realised through implementation locational marginal pricing structure which governed evolution network operator, known as service provider (DSP). DSP also operates ancillary geographical area. wholesale reconfigured coordinate with these harmonise actors across network.