What is BS IEC SRD 62913‑2‑2 - Generic smart grid requirements related to market domain about?
BS IEC SRD 62913‑2‑2 series initiates and illustrates the IEC’s systems approach based on Use Cases involving the identification of generic smart grid requirements for further standardization work for market-related domains, based on the methods and tools developed in IEC SRD 62913-1.
BS IEC SRD 62913‑2‑2 captures possible “common and repeated usage” of a smart grid system, under the format of “Use Cases” to feed further standardization activities. Use Cases can be described in different ways and can represent competing alternatives. From there, BS IEC SRD 62913‑2‑2 derives the common requirements to be considered by these further standardization activities in terms of interfaces between actors interacting with the given system.
Who is BS IEC SRD 62913‑2‑2- Generic smart grid requirements related to market domain for?
BS IEC SRD 62913‑2‑2 on the generic smart grid requirements and the market-related domain is useful for:
- Electrical engineers
- Network engineers
- Project coordinators
- Electric grid managers
- Electricity providers
Why should you use BS IEC SRD 62913‑2‑2- Generic smart grid requirements related to market domain?
The electricity markets are going to have a preponderant place for the whole electric power system. The development of new electricity usages and the integration of DER need reliable and efficient market mechanisms. To contribute to the security of the system and to obtain the best deals between market participants, the development of market facilities, market products and better cooperation between actors are required.
The purpose of BS IEC SRD 62913‑2‑2 is to allow actors of the electric power system to purchase and sell energy and energy-related products and services.
BS IEC SRD 62913‑2‑2 also covers the major improvements expected for the main domain business roles from the integration of flexible products and services within electricity markets:
- End-customers may benefit from better energy supply contracts and reduced electricity bills if they accept to modulate their consumption and participate in the market (via a supplier, a flexibility aggregator/operator, or another third party).
- Flexibility aggregators will develop, offer, and manage various flexibility products and stakeholders for grid users (consumers, producers, and/or prosumers), system operators, or grid operators.
- System operators and grid operators may obtain (new) flexibilities to ensure the network reliability, plan work programmes and ultimately realize investments – if these flexibilities meet certain requirements according to the legal framework.
- Producers may rely on new levers to sell their production, plan their investments, and works, and self-insure against business risks – by buying flexibilities.