Review of energy sharing: Business models, mechanisms, and prospects

Chen, Yue; Zhao, Changhong

doi:10.1049/rpg2.12438

Cited by 23 publications

(8 citation statements)

References 125 publications

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“…In [54], four types of BM for energy sharing are proposed. Aiming for the full exploitation of DERs, these are inspired by other BMs of famous companies operating in other sectors of sharing or the digital economy (BlaBlacar, Airbnb, eBay), basically grounded on value addition gained from • resource sharing (storage units) among prosumers; • connection of unrelated consumers and prosumers; • sharing idle productive assets to increase efficiency through a virtual platform; • participation in demand-side management schemes.…”

Section: Business Modelsmentioning

confidence: 99%

Business Models for Energy Community in the Aggregator Perspective: State of the Art and Research Gaps

Bertolini

Morosinotto

2023

Energies

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Distributed Energy Resources (DERs) are spreading under the pressure of climate change mitigation plans and the framework, recognized as the most suitable to exploit DER diffusion, is the Energy Community (EC). Understanding the role of energy companies, especially Aggregators, in this context, is still an open topic, as it is not clear how they can support members in the aggregation process and how they create value through their business. The aim of the study is therefore to revise whatever is currently present in the research agenda and consequently a systematic literature review has been carried out. The contribution of this work consists of illustrating the main features of Aggregators, pointing out how they implement their strategies in the energy markets, with which services they capture value, who their partners and customers are, what the financial aspects are of their activities with respect to the size of the aggregated clusters, and, in conclusion, which are the main business model structures currently deployed. Then, considerations are made concerning EC context, identifying the areas where an Aggregator could usefully support communities’ establishment and management, solving well-known hindrances, and what gaps future research should fill.

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Section: Business Modelsmentioning

confidence: 99%

Business Models for Energy Community in the Aggregator Perspective: State of the Art and Research Gaps

Bertolini

Morosinotto

2023

Energies

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“…There is growing literature on the DER aggregation and participation models that broadly fall into two categories. One is through a retail market design operated by a distribution system operator (DSO) or an aggregation platform (Haider et al, 2021;Manshadi and Khodayar, 2015;Chen and Zhao, 2022). The second category of aggregation, a focus of the FERC order 2222, is by independent (possibly profit-maximizing) DERA, which aggregates both generation and flexible demand resources in the retail market, bypassing the regulated distribution utility and DSO in participating in the wholesale energy market (Gao et al, 2021;Alshehri et al, 2020).…”

Section: Related Workmentioning

confidence: 99%

Competitive DER Aggregation for Participation in Wholesale Markets

Chen,

Alahmed,

Mount

et al. 2023

Proceedings of the Annual Hawaii International Conference on System Sciences

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The problem of the large-scale aggregation of behind-the-meter demand and generation resources by a distributed-energy-resource aggregator (DERA) is considered. As a wholesale market participant, a DERA maximizes its profit while providing competitive services to its customers with higher consumer/prosumer surpluses than those offered by the distribution utilities or community choice aggregations.A constrained profit maximization program for aggregating behind-the-meter generation and consumption resources is formulated, from which payment functions for the behind-the-meter consumptions and generations are derived. Also obtained are DERA's bid and offer curves for its participation in the wholesale energy market.

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“…There is growing literature on the DER aggregation and wholesale market participation models that broadly fall into two categories. One is through a retail market design operated by a distribution system operator (DSO) [6], [7], an aggregation/sharing platform [8], [9], or a energy coalition such as CCAs [10], [11]. For the most part, these works do not consider active participations in the wholesale market with the goal of maximizing the profit of the DERA.…”

Section: A Related Workmentioning

confidence: 99%

“…Let G = N n=1 g n be the aggregated BTM generation. It is known that in a competitive market, a price taking DERA participant bids truthfully with its aggregated supply function Q = F (π) given by Theorem 1 in (9),…”

Section: A Dera Offer/bid Curvesmentioning

confidence: 99%

Competitive DER Aggregation for Participation in Wholesale Markets

Chen¹,

Alahmed²,

Mount³

et al. 2022

Preprint

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The problem of the large-scale aggregation of the behind-the-meter demand and generation resources by a distributed-energy-resource aggregator (DERA) is considered. As a profit-seeking wholesale market participant, a DERA maximizes its profit while providing competitive services to its customers with higher consumer/prosumer surpluses than those offered by the distribution utilities or community choice aggregators. A constrained profit maximization program for aggregating behind-the-meter generation and consumption resources is formulated, from which payment functions for the behind-themeter consumptions and generations are derived. Also obtained are DERA's bid and offer curves for its participation in the wholesale energy market and the optimal schedule of behindthe-meter resources. It is shown that the proposed DERA's aggregation model can achieve market efficiency equivalent to that when its customers participate individually directly in the wholesale market.

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Review of energy sharing: Business models, mechanisms, and prospects

Cited by 23 publications

References 125 publications

Business Models for Energy Community in the Aggregator Perspective: State of the Art and Research Gaps

Business Models for Energy Community in the Aggregator Perspective: State of the Art and Research Gaps

Competitive DER Aggregation for Participation in Wholesale Markets

Competitive DER Aggregation for Participation in Wholesale Markets

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