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Aggregators are considered essential to obtain flexibility from small residential and service sector consumers. They can implement business models by trading flexibility from their consumers' assets in various electricity markets. The aim of this paper is to identify challenges faced by aggregators with different roles, while implementing business models. We consider aggregators possessing three roles: of a supplier, Balance Responsible Party (BRP), and of an independent aggregator. The resultsdoi:10.1109/isgt-europe47291.2020.9248707 dblp:conf/isgteurope/OkurHL20 fatcat:iqglhlbqi5brzi7i7xpi5ifdou