Process-to-Market: A Web-Based Evaluation Tool for Electricity Market Participation

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.