Abstract
In deregulated electricity markets, large industrial consumers face significant challenges in participating effectively due to complexities in market regulations and diverse flexibility requirements. This paper introduces “Process2Market,” a web-based evaluation tool designed to assist large electricity consumers in the Nordics by leveraging the Process-to-Market Matrix Mapping (P2MM) model. The tool employs a Python-based optimization program integrated with a comprehensive questionnaire and market data analysis to evaluate market participation feasibility. By providing an accessible online interface, Process2Market facilitates broader engagement and understanding among stakeholders, including researchers and electricity consumers. A case study involving a hypothetical Power-to-Hydrogen (PtH) facility demonstrates the tool’s practical application, highlighting its potential to enhance grid stability through increased demand-side flexibility and optimized market participation. This paper contributes to the field by presenting a detailed methodology for developing a web-based tool, offering a practical application in a case study, and providing insights into the integration of industrial processes into electricity markets.
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Acknowledgements
Project “IEA IETS Annex Task XVIII - Digitization, artificial intelligence and related technologies for energy efficiency and reduction of greenhouse gas emissions in industry” funded by EUDP (Case no.134-21010); part of the project “ClusterSoutH2 - Designing a PtX Ecosystem in Southern Denmark” funded by The European Regional Development Fund, and the project “INNOMISSION II: MissionGreenFuel- Digitalization and test for dynamic and flexible operation of PtX components and systems (DYNFLEX)” funded by Innovation Fund Denmark; part of the project “Electricity market participation evaluation for flexible Power-to-X production facilities (FlexPtX)” collaborated with GreenLab Skive, funded by the Villum foundation.
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Schwarz, H., Gärdström, H.F., Fatras, N., Madsen, F.W., Jørgensen, B.N., Ma, Z.G. (2025). Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation. In: Jørgensen, B.N., Ma, Z.G., Wijaya, F.D., Irnawan, R., Sarjiya, S. (eds) Energy Informatics. EI.A 2024. Lecture Notes in Computer Science, vol 15271. Springer, Cham. https://doi.org/10.1007/978-3-031-74738-0_5
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