A Market-driven Approach for Unlocking Flexibility Potentials in Eco-Industrial Clusters

To mitigate grid congestion during peak
hours and leverage local flexibility through downregulation,
this study proposes a novel local flexibility
market platform tailored for eco-industrial clusters. This
platform facilitates theparticipation of industrial entities
in the local flexibility market by identifying optimal
flexible hours for down-regulation, thereby effectively
engaging participants and enhancing market efficiency.
A case study focusing on eco-industrial clusters with
diverse load profiles within a Danish community is conducted,
in connection with Danish wholesale aggregators
DK1 and DK2. The study evaluates the cost savings
achieved through fixed pricing, dynamic pricing, flexible
markets, and flexible markets integrated with fixed and
dynamic pricing, while also examining the impact of
load elasticity on these savings. The results indicate that
local flexibility markets can yield savings of 20.03%
compared to fixed pricing and 11.29% compared to
dynamic pricing.
Index Terms—Flexible electricity markets, Down Regulation,
Demand Side Management, Flexibility market
Simulator