Market Design for Peer-to-Peer Energy Trading and Distribution System Flexibility

Mon, Oct 28, 2019, 4:30 pm to 5:30 pm
Speaker(s): 
Sponsor(s): 
Electrical Engineering
Andlinger Center for Energy and the Environment

Abstract:

The talk focuses on the design of digital market platforms to integrate owners of small-scale distributed energy resources into power system operations. Networked matching market theory is proposed as a new mathematical framework for designing market mechanisms that allow participants to negotiate with peers and reach agreement on a set of economically efficient and game-theoretically stable transactions. Market designs are presented which would allow participants to engage in peer-to-peer energy trading and offer flexibility services to their local distribution system operator.

Bio:

Dr. Thomas Morstyn is an EPSRC research fellow in the Department of Engineering Science at the University of Oxford. He leads the EPSRC project ‘A Networked Market Platform for Electric Vehicle Smart Charging’, and he is a co-investigator on the Innovate UK demonstrator ‘Vehicle-to-Grid Oxford (V2GO)’ and also the EPSRC project ‘Market Design for Scaling Up Clean Local Energy Systems’.

Thomas received a B.E. (Hon.) degree from the University of Melbourne in 2011, and a PhD from the University of New South Wales in 2016, both in electrical engineering. Before undertaking his PhD, he spent two years working in Rio Tinto’s Technology and Innovation Group.

His research interests include multi-agent control and market design for the integration of distributed energy resources into power systems.