Energy exchange among heterogeneous prosumers under price uncertainty

Marta Castellini (), Luca Di Corato (), Michele Moretto and Sergio Vergalli
Additional contact information
Marta Castellini: Department of Economics and Management, Università degli Studi di Brescia; FEEM
Luca Di Corato: Department of Economics, Ca' Foscari University of Venice

No 2021:24, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: In this paper, we provide a real options model framing prosumers' investment in photovoltaic plants. This is presented in a Smart Grid context where the exchange of energy among prosumers is possible. We determine the optimal size of the photovoltaic installations based on the influence the self-consumption profiles on the exchange of energy among prosumers. We calibrate the model using figures relative to the Northern Italy energy market and investigate the investment decision allowing for different prosumer profiles and consider several combinations of their individual energy demand and supply. Our findings show that the shape of individual energy demand and supply curves is crucial to the exchange of energy among prosumers, and that there could be circumstances under which no exchange occurs.

Keywords: Smart Grids; Renewable Energy Sources; Real Options; Prosumer; Peer to Peer Energy Trading (search for similar items in EconPapers)
JEL-codes: C61 D81 Q42 (search for similar items in EconPapers)
Pages: 64 pages
Date: 2021
New Economics Papers: this item is included in nep-ene and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Energy exchange among heterogeneous prosumers under price uncertainty (2021)
Working Paper: Energy exchange among heterogeneous prosumers under price uncertainty (2021)
Working Paper: Energy exchange among heterogeneous prosumers under price uncertainty (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2021:24

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