Towards Smart Distribution Grids: A Structured Market Engineering Review

The changes taking place in the energy sector, the transition towards smart grids and an increasing share of renewable energy sources (RES) generate the need for new market designs as well as new business models on the level of distribution grids. This work applies the market engineering framework to markets in smart distribution grids. First, a systematic overview of research approaches in the respective fields is given. Second, by viewing intermediaries as market engineers in their own one-sided market, existing industry projects from intermediaries are compared along the market engineering framework.