Academy of Finland  
Funding decision
Organisation University of Vaasa
Project title Planning and operation of future integrated energy networks with modified market structures
Applicant / Contact person Doroudchi, Elahe
Decision No. 338540
Decision date 03.06.2021
Funding period 01.09.2021 - 31.08.2024
Funding 257 360
Project description
One important enabler of future energy systems will be compatible energy market structure. Current conventional market models have been created for traditional centralized power systems. These models are not applicable to future renewables and active customer-based models as well as integrated energy systems. In the future, more holistic approach to enable simultaneous active participation and management of increasing amount of distributed energy resources (DER) at different voltage levels is needed as well as compatible market model, which also empowers customers. Possibilities for DER and customers more active participation should be considered already in the planning stage of the future energy systems. This research project aims to develop the holistic market model and planning of future integrated and flexible energy networks considering more active role of DER and customers.