SGAM business layer for a local flexibility market

Developing the Smart Grid as complex System of Systems has proven to be a challenging task. To foster the cooperation of stakeholders across different domains it is necessary to provide a common language covering the needs of all involved parties. The European Smart Grid Architecture Model (SGAM) provides a suitable framework for development. By now it has proven itself as basis for the specification of holistic development methodologies. Also, it has turned out suitable as reference framework for representing the American NIST Logical Reference Model. However, both concepts lack an appropriate integration of business aspects. The presented approach provides a formal description of high-level business aspects and demonstrates its applicability on the basis of a particular Use Case.