Application of intelligent techniques for evaluation of new business models and pricing approaches in future energy markets

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"The project aims to understand how new energy market designs and pricing approaches will impact the business models of market actors, primarily at the distribution level. The research will focus on the requirements of the DNO to DSO transition, including customers and Distributed Energy Resources (DER) in the provision of flexibility services at both distribution and transmission levels, requiring consideration of TSO-DSO coordination schemes."The project will look for two overall outcomes: i) to help DERs develop business models under various pricing schemes and TSO-DSO coordination schemes, and (ii) to help DSOs and TSOs evaluate DER behaviour and better understand how to entice them into providing flexibility services at both distribution and transmission levels."