This book presents trading in local energy markets and communities. It covers electrical, business, economics, telecommunication, information technology (IT), environment, building, industrial, and computer science and examines the intersections of these areas with these markets and communities. Additionally, it delivers an vision for local trading and communities in smart cities. Since it also lays out concepts, structures, and technologies in a variety of applications intertwined with future smart cities, readers running businesses of all types will find material of use in the book. Manufacturing firms, electric generation, transmission and distribution utilities, hardware and software computer companies, automation and control manufacturing firms, and other industries will be able to use this book to enhance their energy operations, improve their comfort and privacy, as well as to increase the benefit from the energy system. This book is also used as a textbook for graduate level courses.

Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. Delineates key components shaping the design and implementation of local electricity market structure Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation

This book draws on social science analysis to understand the ongoing dynamics within and surrounding local energy communities in reliably electrified countries: Belgium, Canada, Colombia, France, Germany, India, the Netherlands, Spain, Switzerland and the United Kingdom. It offers a comprehensive overview of recent results and thus outlines a diversity of drivers and levers for scaling up energy communities or, at least, local energy sharing. Analysing the main types of energy communities such as collective self-consumption, citizen cooperatives and peer-to-peer digital platforms, the book does not only raise new questions for social scientists, but also offers a comprehensive overview for all those contributing to the circular economy and the decentralization of energy production in inhabited areas where energy consumption is concentrated. This book provides input for the ongoing debates in many European countries implementing the national law on the European directives for energy communities. Furthermore, without evading the antagonism between cooperative and market approaches, or the contradictions between different issues, the book outlines the innovative decision-making tools that can facilitate the development of local energy production and sharing systems. As well as being of interest to postgraduates and researchers in the field of energy studies, this book will be vital to energy professionals looking to support local energy communities’ decision-making and design, who wish to consider sociological, organizational and territorial dimensions.

Introducing a framework for obtaining and maintaining renewable energy security at the local community level Local energy communities are a framework for assembling and coordinating major stakeholders, individual, corporate, and institutional, in the pursuit of long-term renewable energy and carbon-free projects in a given area. They are aimed at community benefits rather than profit, and have become an invaluable tool in the fight to reimagine the global energy grid, one community at a time. With climate change making this fight ever more urgent, integrated local energy communities (ILECs) that enhance the previous concept through a multi-carrier systems’ approach have never been a more important social force. Integrated Local Energy Communities offers a framework for designing, planning, and operating communities from end to end. Incorporating regulatory and policy issues, the mechanics of local multi-carrier energy systems, social aspects and more, it provides viable solutions to one of the most urgent energy challenges of our time. The result is an indispensable contribution to a potentially transformative process. Integrated Local Energy Communities readers will also find: Comprehensive coverage of all types of energy conversion technologies and processes Analysis of the entire value chain, from concepts to planning and operation Discussion of all key factors for integrating the ILEC energy paradigm Integrated Local Energy Communities is ideal for energy engineers, electrical engineers, mechanical engineers, engineering scientists working in consultancy and industry, as well as the libraries that serve them.

Energy Communities explores core potential systemic benefits and costs in engaging consumers into communities, particularly relating to energy transition. The book evaluates the conditions under which energy communities might be regarded as customer-centered, market-driven and welfare-enhancing. The book also reviews the issue of prevalence and sustainability of energy communities and whether these features are likely to change as opportunities for distributed energy grow. Sections cover the identification of welfare considerations for citizens and for society on a local and national level, and from social, economic and ecological perspectives, while also considering different community designs and evolving business models. Defines and conceptualizes the energy community for the current generation of researchers and practitioners facing the energy transition Explores the main benefits and challenges in forming energy communities and to what extent they are welfare-enhancing Examines under what terms, conditions, regulations or policies energy communities can be beneficially and successfully organized and why Reviews the combination of business models and forms of organization which are conducive to economic feasibility and the commercial success of energy communities

Price Risk Management and Trading. Energy risk management expert, Tom James, does it again. His latest book is a timely addition to the rapidly developing energy trading markets. This book should be on every energy trader, risk manager and corporate planer's desk. it is an easy read as Tom goes into great detail to explain the intricacies of this market and its various unique elements. - Peter C. Fusaro, Chairman, Global Change Associates Inc., Best-selling Author and Energy Expert This sensible and practical guide is essential for those seeking an understanding of commerce in energy derivatives. beyond merely informative, this hand book for the practitioner details the finer points of the use of derivatives as tools for price-risk management. No energy trading desk should be without it. - Ethan L. Cohen, Senior Director, Utility and Energy Technology, UtiliPoint International Inc. Energy markets are much more volatile than other commodity markets, so risk mitigation is more of a concern. Energy prices, for example, can be affected by weather, geopo9litical turmoil, changes in tax and legal systems, OPEC decisions, analysis' reports, transportation issues, and supply and demand - to name just a few factors. Tom James's book is a practical guide to assessing and managing these risks. It is a must-read for senior management as well as risk and financial professionals.- Don Stowers, Editor, Oil & Gas Financial Journal This book is the most comprehensive on price risk management-centric efforts. It provides the reader with a tangible experience of derivatives in today's capital and energy markets. The breadth and scope of the passages are immense, in that both developed and developing countries' energy markets are considered and examples applied. Terrific read! - Rashpal Bhatti, Marketing Manager, Energy Trading Asia, Enron/BHP Billiton Tom James has simplified the intricacies of a very complex market. In this new market of "hot" commodities, he has been able to give a fresh course to those who are new to the energy markets and a solid review for those that are well seasoned. he covers everything within the oil market from A to Z in this book and does it well. Coming from a financial background myself, it's good to finally find a book that can bring a better understanding to the field of energy commodities. - Carl Larry, Vice President Citi Energy Global Commodities

To thrive in today's booming energy trading market you need cutting-edge knowledge of the latest energy trading strategies, backed up by rigorous testing and practical application Unique in its practical approach, The Handbook of Energy Trading is your definitive guide. It provides a valuable insight into the latest strategies for trading energy—all tried and tested in maintaining a competitive advantage—illustrated with up-to-the-minute case studies from the energy sector. The handbook takes you through the key aspects of energy trading, from operational strategies and mathematical methods to practical techniques, with advice on structuring your energy trading business to optimise success in the energy market. A unique integrated market approach by authors who combine academic theory with vast professional and practical experience Guidance on the types of energy trading strategies and instruments and how they should be used Soaring prices and increasingly complex global markets have created an explosion in the need for robust technical knowledge in the field of energy trading, derivatives, and risk management. The Handbook of Energy Trading is essential reading for all energy trading professionals, energy traders, and risk managers, and in fact anyone who has ever asked: 'what is energy trading?'