Towards Sustainable Energy Communities: Integrating Time-of-Use Pricing and Techno-Economic Analysis for Optimal Design—A Case Study of Valongo, Portugal

Goran Dobric () and Mileta Zarkovic
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Goran Dobric: School of Electrical Engineering, University of Belgrade, Bulevar Kralja Aleksandra 73, 11000 Belgrade, Serbia
Mileta Zarkovic: School of Electrical Engineering, University of Belgrade, Bulevar Kralja Aleksandra 73, 11000 Belgrade, Serbia

Energies, 2024, vol. 17, issue 14, 1-16

Abstract: This paper presents a comprehensive analysis of optimal energy community design, leveraging time-of-use pricing mechanisms and techno-economic parameters. Focusing on a case study of Valongo, Portugal, this study explores the intricate interplay between energy infrastructure planning, economic considerations, and pricing dynamics. Through a systematic approach, various factors, such as renewable energy integration, demand–response strategies, and investment costs, are evaluated to formulate an efficient and sustainable energy community model. Time-of-use pricing schemes are incorporated to reflect the dynamic nature of energy markets and consumer behavior. By integrating techno-economic analyses, this study aims to optimize energy resource allocation while ensuring cost-effectiveness and environmental sustainability. The influence of optimized sizes of photovoltaics (PV), battery storage, and electrical vehicles (EVs) on self-sufficiency rates, self-consumption rates and CO 2 savings is analyzed. The findings offer valuable insights into the design and implementation of energy communities in urban settings, highlighting the importance of adaptive strategies in the transition towards a resilient and low-carbon energy future. The novelty of this paper lies in its comprehensive approach to energy community design, which integrates time-of-use pricing mechanisms with techno-economic parameters. By focusing on the specific case of Valongo, Portugal, it addresses the unique challenges and opportunities present in urban settings. Additionally, the analysis considers the interaction between renewable energy production, demand profiles and investment costs, providing valuable insights for optimizing resource allocation and achieving both cost-effectiveness and environmental sustainability.

Keywords: energy community; time-of-use pricing; techno-economic analysis; optimal design (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: 2024
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