This video lecture presents OneNet's contribution to electricity market design in Europe. It covers the motivation, objectives, key definitions, and challenges involved in designing coordinated and integrated flexibility markets. The lecture introduces the Theoretical Market Framework (TMF), which is a comprehensive tool for conceptualizing and designing electricity markets. It integrates mechanisms for coordination between Transmission System Operators (TSOs) and Distribution System Operators (DSOs). The TMF formalizes new and innovative market concepts, outlining fundamental categories and decisions crucial to market design. Using the TMF, the map of the TSO-DSO coordination solutions of European demonstrators in the OneNet project is provided, identifying challenges in designing and implementing novel system services markets. Based on these insights, the lecture offers market design and policy recommendations to address and overcome specific challenges in market-based TSO-DSO coordination. Further readings: Troncia, M., Chaves Ávila, J. P., Damas Silva, C., Gerard, H., & Willeghems, G. (2023). Market-Based TSO–DSO Coordination: A Comprehensive Theoretical Market Framework and Lessons from Real-World Implementations. Energies, 16(19), 6939. https://doi.org/10.3390/en16196939 S. Bindu, M. Troncia, J. P. C. Ávila, and A. Sanjab, “Bid Forwarding as a Way to Connect Sequential Markets: Opportunities and Barriers,” in 2023 19th International Conference on the European Energy Market (EEM), Jun. 2023, pp. 1–6. doi: https://doi.org/10.1109/EEM58374.2023.10161855 OneNet H2020 project, “OneNet Deliverable 11.2 - Techno-economic assessment of proposed market schemes for standardized products,” OneNet H2020 Project, 2023. Available: http://www.onenet-project.eu/wp-content/uploads/2024/01/OneNet_D11.2_V1.0.pdf OneNet H2020 project, “OneNet Deliverable 3.1 - Overview of market designs for the procurement of system services by DSOs and TSOs,” OneNet H2020 Project, 2021. Available: https://onenet-project.eu/wp-content/uploads/2021/08/D31-Overview-of-market-designs-for-the-procurement-of-system-services-by-DSOs-and-TSOs-1.pdf OneNet H2020 project, “OneNet Deliverable 3.3 - Recommendations for Consumer-Centric Products and Efficient Market Design D3.3,” OneNet H2020 Project, 2023. Available: https://onenet-project.eu/wp-content/uploads/2023/11/OneNet_D3.3_V1.0.pdf OneNet H2020 project, “OneNet Deliverable 2.2 - A set of standardised products for system services in the TSO-DSO-consumer value chain,” 2021. Available: https://onenet-project.eu/wp-content/uploads/2022/10/D22-A-set-of-standardised-products-for-system-services-in-the-TSO-DSO-consumer-value-chain.pdf S. Potenciano Menci, O. Valarezo, Decoding design characteristics of local flexibility markets for congestion management with a multi-layered taxonomy, Applied Energy, Vol. 357, 2024, 122203, https://doi.org/10.1016/j.apenergy.2023.122203
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