Overview of Information and Communication Requirements for Local Flexibility Markets

Abstract This research investigates the technological underpinnings of Local Flexibility Markets (LFMs). It delves into the synergistic relationship between Information Technology (IT) and Operational Technology (OT) to ensure seamless LFM operations. A key focus is on the Information and Communications Technology (ICT) architecture, which plays a pivotal role in LFM functionality. The research addresses the critical aspect of interoperability within LFMs. It explores standardized data formats for electricity markets, the Common Information Model (CIM) for efficient data exchange, and relevant standards such as the Common Distribution Power System Model Profile (CDPSM) and the Common Grid Model Exchange Standard (CGMES). To ensure secure data exchange, the research investigates various ICT protocols and the significance of Internet of Things (IoT) protocols in enabling LFMs. It underscores the importance of a layered cybersecurity approach to protect LFM infrastructure and sensitive data. The findings of this research highlight the importance of a robust ICT architecture, coupled with secure data exchange mechanisms, to ensure the interoperability, reliability, and overall success of LFMs.