Becoming prosumer: Revealing trading preferences and decision-making strategies in peer-to-peer energy communities

Hahnel, Ulf J.J.; Herberz, Mario; Pena-Bello, Alejandro; Parra, David; Brosch, Tobias

doi:10.1016/j.enpol.2019.111098

Cited by 136 publications

(77 citation statements)

References 43 publications

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“…Other literature analyzes the wholesale electricity market integration of prosumers, including storages [17], while [18] focuses on market design and flexibility in peer-to-peer (P2P) trading. P2P trading-preferences of prosumers are analyzed in [19]. The attitudes, preferences, and intentions of prosumers are considered in [20] when participating in P2P communities.…”

Section: State Of the Artmentioning

confidence: 99%

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Comparison of Profitability of PV Electricity Sharing in Renewable Energy Communities in Selected European Countries

et al. 2020

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The economic value of photovoltaic (PV) systems depends on country-specific conditions. This study investigates the impact of grid fees, solar irradiance and local consumption on the profitability and penetration of PV systems and batteries in renewable energy communities. The linear optimization model calculates the optimal investments into PV and storages applied on a test community, which represents the European housing situation. The comparison of eight countries considers individual heat and cooling demands as well as sector coupling. Results show that renewable energy communities have the potential to reduce electricity costs due to community investments and load aggregation but do not necessarily lead to more distributed PV. Besides full-load hours, the energy component of electricity tariffs has the highest impact on PV distribution. Under current market conditions, battery energy storage systems are rarely profitable for increasing PV self-consumption but there is potential with power pricing. Renewable energy communities enable individuals to be a prosumer without the necessity of owning a PV system. This could lead to more (community) PV investments in the short term. Hence, it hinders investments in a saturated PV market.

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Section: State Of the Artmentioning

confidence: 99%

“…The starting values and maximum power of the state-of-charge (SOC) of the storages are given in Equations (13)- (18). Equations (19) and 20define the values for maximum procurement and feed-in power.…”

Section: Optimization Problem and Nomenclaturementioning

confidence: 99%

Comparison of Profitability of PV Electricity Sharing in Renewable Energy Communities in Selected European Countries

et al. 2020

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“…The profiles of User2, User3 and User4 in Figure 9 are both positive and negative. Profiles are positive during the daytime from 09:00 a.m. to 15:00 p.m. (9)(10)(11)(12)(13)(14)(15) as the local generation exceeds the local demand; they export power to the electricity grid for the entire interval 9-15 with the exception of short time intervals (i.e., lunch-time) during which the use of domestic appliances determines the inversion of the power flow at the meter.…”

Section: Energetic Analysis: Case0 None Electric Vehicle Bussiness mentioning

confidence: 99%

“…Showing to ordinary people how desirable being part of an energy community is, thus abandoning the position of individuals who independently manage their own distributed generation [7], is a fundamental step. To this end, the economic benefits of the new business models for generating [8] and peer-to-peer exchanging energy [9] within the community are good levers. Energy communities, if local, better identify energy 2 of 18 needs and better manage energy exchanges in urban neighborhoods [10] and municipalities [11,12] as well, especially when the energy community operates the electrical distribution grids [13].…”

Section: Introductionmentioning

confidence: 99%

How Smart Metering and Smart Charging may Help a Local Energy Community in Collective Self-Consumption in Presence of Electric Vehicles

et al. 2020

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The 2018/2001/EU renewable energy directive (RED II) underlined the strategic role of energy communities in the EU transition process towards sustainable and renewable energy. In line with the path traced by RED II, this paper proposes a solution that may help local energy communities in increasing self-consumption. The proposed solution is based on the combination of smart metering and smart charging. A set of smart meters returns the profile of each member of the community with a time resolution of 5 s; the aggregator calculates the community profile and regulates the charging of electric vehicles accordingly. An experimental test is performed on a local community composed of four users, where the first is a consumer with a Nissan Leaf, whereas the remaining three users are prosumers with a photovoltaic generator mounted on the roof of their home. The results of the experimental test show the feasibility of the proposed solution and demonstrate its effectiveness in increasing self-consumption. The paper also calculates the subsidy that the community under investigation would receive if the current Italian incentive policies for renewables were extended to local energy communities; this subsidy is discussed in comparison with the subsidies that the three prosumers individually receive thanks to the net metering mechanism. This paper ends with an economic analysis and calculation of savings on bills when the four users create the local energy community and adopt the proposed combination of smart metering and smart charging.

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“…Thus, these results did not demonstrate a high relevance of public funds in the decision-making process of prosumers, in line with the results of Scarpellini et al (2018) for eco-innovation [21]; furthermore, access to financing seemed to be the main economic concern of these investors. Lastly, we assessed other factors such as demographic and psychological aspects deemed important by prosumers, in line with Hahnel et al (2020) [41].…”

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confidence: 99%

A Heuristic Approach to the Decision-Making Process of Energy Prosumers in a Circular Economy

2020

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Renewable distributed energy and self-consumption are promising and sustainable solutions in the energy-transition scenario for moving toward a circular economy. In this future scheme, prosumers are expected to play a leading role in the forthcoming sustainable energy market, facing new technical, economic, and financial challenges as energy producers at a small scale. In fact, the adoption of photovoltaic (PV) self-consumption systems requires mobilizing capital for investment and their interaction with the market. In this scenario, the aim of this paper was to explore insights into the decision-making process of prosumers to enhance the understanding of self-consumption deployment and to support effective policymaking. This study contributes to the state of the art by defining and classifying determinants of the energy prosumers’ decision-making process and their relevance using a heuristic approach. Potential measuring tools and methods are analyzed through a specific case study of Spanish prosumers.

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Becoming prosumer: Revealing trading preferences and decision-making strategies in peer-to-peer energy communities

Cited by 136 publications

References 43 publications

Comparison of Profitability of PV Electricity Sharing in Renewable Energy Communities in Selected European Countries

Comparison of Profitability of PV Electricity Sharing in Renewable Energy Communities in Selected European Countries

How Smart Metering and Smart Charging may Help a Local Energy Community in Collective Self-Consumption in Presence of Electric Vehicles

A Heuristic Approach to the Decision-Making Process of Energy Prosumers in a Circular Economy

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