Welcome to the Process2Market Evaluation Tool!
The ProcessToMarket evaluation tool helps large-scale electricity consumers with flexibility potential to identify the submarkets with the lowest participation barriers within an electricity market ecosystem. Market selection is based on techno-regulatory criteria, considering both process operational requirements and market participation requirements. Results are given in the form of multi-criteria feasibility scores for each submarket, allowing straightforward comparison of submarket performances. This prefeasibility evaluation tool acts as a decision support tool when setting up consumer-side market participation strategies in complex modern electricity markets.
When implementing a new market analysis, the tool will take you through the following steps:
- Step 1: Process questionnaire, to get the flexibility constraints of the evaluated process
- Step 2: Market data, to get the market participation requirements in the evaluated market context
- Step 3: Results visualization, to compare results between submarkets and help decision making.
The tool is based on the process-to-market evaluation method presented in:“Fatras N, Ma Z, Jørgensen BN. Process-to-market matrix mapping: A multi-criteria evaluation framework for industrial processes’ electricity market participation feasibility. Applied Energy. 2022;313”
The following example provides an illustration of the tool implementation by applying it to a cooling house in the food processing industry located in Western Denmark.