TY - GEN
T1 - Analysis of Economic Benefits from Load Shifting Services in Energy Communities
AU - da Motta Pires, Sérgio
AU - Maki, Kari
AU - Baranauskas, Marius
AU - Ollikainen, Ville
N1 - Publisher Copyright:
© 2024 IEEE.
PY - 2024
Y1 - 2024
N2 - Establishing energy communities provides a practical and effective approach to balance energy systems and support the green transition. Despite their recognized value, the widespread implementation of energy communities is yet to materialize, demanding a comprehensive understanding of technical, social, and economic aspects. This paper delves into the economic benefits of energy community operations, with a primary focus on load-shifting services. It accomplishes the objective by comparing different demand response strategies implemented in the Energy Community Smart Digital Node concept. Leveraging historical data from the electricity market, the study estimates economic benefits for stakeholders. Additionally, the paper further explores the translation of these economic benefits into sustainable business models for energy community operators while minimizing disruptions to end-users' energy consumption behavior caused by demand response actions.
AB - Establishing energy communities provides a practical and effective approach to balance energy systems and support the green transition. Despite their recognized value, the widespread implementation of energy communities is yet to materialize, demanding a comprehensive understanding of technical, social, and economic aspects. This paper delves into the economic benefits of energy community operations, with a primary focus on load-shifting services. It accomplishes the objective by comparing different demand response strategies implemented in the Energy Community Smart Digital Node concept. Leveraging historical data from the electricity market, the study estimates economic benefits for stakeholders. Additionally, the paper further explores the translation of these economic benefits into sustainable business models for energy community operators while minimizing disruptions to end-users' energy consumption behavior caused by demand response actions.
KW - demand response
KW - energy communities
KW - microgrids
KW - smart transformers
UR - http://www.scopus.com/inward/record.url?scp=85211587072&partnerID=8YFLogxK
U2 - 10.1109/SSI63222.2024.10740522
DO - 10.1109/SSI63222.2024.10740522
M3 - Conference article in proceedings
AN - SCOPUS:85211587072
T3 - 2024 Smart Systems Integration Conference and Exhibition, SSI 2024
BT - 2024 Smart Systems Integration Conference and Exhibition, SSI 2024
PB - IEEE
T2 - Smart Systems Integration Conference and Exhibition
Y2 - 16 April 2024 through 18 April 2024
ER -