In:
Energies, MDPI AG, Vol. 14, No. 7 ( 2021-03-27), p. 1862-
Abstract:
In this paper, we investigate the economic benefits of an energy community investing in small-scale photovoltaics (PVs) when local energy trading is operated amongst the community members. The motivation stems from the open research question on whether a community-operated local energy market can enhance the investment feasibility of behind-the-meter small-scale PVs installed by energy community members. Firstly, a review of the models, mechanisms and concepts required for framing the relevant concepts is conducted, while a clarification of nuances at important terms is attempted. Next, a tool for the investigation of the economic benefits of operating a local energy market in the context of an energy community is developed. We design the local energy market using state-of-the-art formulations, modified according to the requirements of the case study. The model is applied to an energy community that is currently under formation in a Greek municipality. From the various simulations that were conducted, a series of generalizable conclusions are extracted.
Type of Medium:
Online Resource
ISSN:
1996-1073
Language:
English
Publisher:
MDPI AG
Publication Date:
2021
detail.hit.zdb_id:
2437446-5
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