Photovoltaics Enabling Sustainable Energy Communities: Technological Drivers and Emerging Markets

Alexandros-Georgios Chronis, Foivos Palaiogiannis, Iasonas Kouveliotis-Lysikatos, Panos Kotsampopoulos and Nikos Hatziargyriou
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Alexandros-Georgios Chronis: School of Electrical and Computer Engineering, National Technical University of Athens, 15780 Athens, Greece
Foivos Palaiogiannis: Collective Energy Cooperative, Energy Community, 11631 Athens, Greece
Iasonas Kouveliotis-Lysikatos: School of Electrical Engineering and Computer Science, KTH—Royal Institute of Technology, SE-100 44 Stockholm, Sweden
Panos Kotsampopoulos: School of Electrical and Computer Engineering, National Technical University of Athens, 15780 Athens, Greece
Nikos Hatziargyriou: School of Electrical and Computer Engineering, National Technical University of Athens, 15780 Athens, Greece

Energies, 2021, vol. 14, issue 7, 1-21

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.

Keywords: energy communities; energy collectives; local energy markets; pricing schemes (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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