Tracing local energy markets: A literature review

Esther Mengelkamp; Julius Diesing; Christof Weinhardt

doi:10.1515/itit-2019-0016

Article

Tracing local energy markets: A literature review

Esther Mengelkamp
Esther Mengelkamp studied Industrial Engineering with a focus on Operations Management and Electrical Engineering at the Technical Universty of Dresden. She completed her studies in 2016 and was awarded the Lohrmann medal as the best of her year. She has been a member of the scientific staff of Prof. Dr. Christof Weinhardt at the Institute of Information Systems and Marketing since May 2016 and the FZI Research Center for Information Technology since May 2019. She received her PhD in the context of local electricity markets in May 2019 with distinction.
, Julius Diesing
Julius Diesing studied Industrial Engineering and Management at the Technical University of Berlin with focus on mechanical engineering and completed his Bachelor in 2016. He continued the master study program Industrial Engineering at the Karlsruhe Institute of Technology with a focus on energy technology and economics. He currently works for the Fraunhofer ISI in the department of energy technology and energy systems analysis and assists the scientific staff at the Institute of Information Systems and Marketing of the KIT since 2018.
and Christof Weinhardt
Prof. Dr. Christof Weinhardt is director of the Institute for Information Systems and Marketing (IISM) at the Karlsruhe Institute of Technology (KIT). He is also a director and founder of the Karlsruhe Service Research Institute and director of the Research Center of Information Technology. Since the beginning of 2019, he is Editor-in-Chief for the Journal Business & Information Systems Engineering (BISE). He received his Ph. D. in economics from the University of Karlsruhe in 1989. With his academic background in industrial engineering, economics, and information systems, Prof. Weinhardt has a research focus on interdisciplinary topics related to market engineering with applications in IT services, energy, finance, and telecommunications markets. He has published more than 150 articles and books and has received a number of awards for his research and teaching.

Published/Copyright: September 10, 2019

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From the journal it - Information Technology Volume 61 Issue 2-3

Abstract

We conduct a structured literature review on the concept of local energy markets (LEMs). LEMs have gained increasing attention in the last two decades. Yet, a holistic definition and clear demarcation of LEMs is still missing. The review shows current works to shift their focus from conceptual implementation and design to increasingly realistic applications of LEMs. Secure access to (near) real-time smart meter data is a prerequisite for LEMs. Current research gaps, e. g. the inclusion of network constraints, agent-centric LEM designs or a comparison of market mechanisms, are identified.

Keywords: Local energy market; Review; Microgrid energy market; Peer-to-peer trading; Energy sharing; Energy community

ACM CCS: General Literature; Information systems

About the authors

Esther Mengelkamp

Esther Mengelkamp studied Industrial Engineering with a focus on Operations Management and Electrical Engineering at the Technical Universty of Dresden. She completed her studies in 2016 and was awarded the Lohrmann medal as the best of her year. She has been a member of the scientific staff of Prof. Dr. Christof Weinhardt at the Institute of Information Systems and Marketing since May 2016 and the FZI Research Center for Information Technology since May 2019. She received her PhD in the context of local electricity markets in May 2019 with distinction.

Julius Diesing

Julius Diesing studied Industrial Engineering and Management at the Technical University of Berlin with focus on mechanical engineering and completed his Bachelor in 2016. He continued the master study program Industrial Engineering at the Karlsruhe Institute of Technology with a focus on energy technology and economics. He currently works for the Fraunhofer ISI in the department of energy technology and energy systems analysis and assists the scientific staff at the Institute of Information Systems and Marketing of the KIT since 2018.

Christof Weinhardt

Prof. Dr. Christof Weinhardt is director of the Institute for Information Systems and Marketing (IISM) at the Karlsruhe Institute of Technology (KIT). He is also a director and founder of the Karlsruhe Service Research Institute and director of the Research Center of Information Technology. Since the beginning of 2019, he is Editor-in-Chief for the Journal Business & Information Systems Engineering (BISE). He received his Ph. D. in economics from the University of Karlsruhe in 1989. With his academic background in industrial engineering, economics, and information systems, Prof. Weinhardt has a research focus on interdisciplinary topics related to market engineering with applications in IT services, energy, finance, and telecommunications markets. He has published more than 150 articles and books and has received a number of awards for his research and teaching.

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Received: 2019-05-31

Revised: 2019-07-05

Accepted: 2019-08-16

Published Online: 2019-09-10

Published in Print: 2019-04-24

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https://doi.org/10.1515/itit-2019-0016

Keywords for this article

Local energy market; Review; Microgrid energy market; Peer-to-peer trading; Energy sharing; Energy community