Analysis of Economic Benefits from Load Shifting Services in Energy Communities

Sérgio da Motta Pires*, Kari Maki, Marius Baranauskas, Ville Ollikainen

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

Abstract

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.

Original languageEnglish
Title of host publication2024 Smart Systems Integration Conference and Exhibition, SSI 2024
PublisherIEEE
Number of pages4
ISBN (Electronic)979-8-3503-8877-0
DOIs
Publication statusPublished - 2024
MoE publication typeA4 Conference publication
EventSmart Systems Integration Conference and Exhibition - Hamburg, Germany
Duration: 16 Apr 202418 Apr 2024

Publication series

Name2024 Smart Systems Integration Conference and Exhibition, SSI 2024

Conference

ConferenceSmart Systems Integration Conference and Exhibition
Country/TerritoryGermany
CityHamburg
Period16/04/202418/04/2024

Keywords

  • demand response
  • energy communities
  • microgrids
  • smart transformers

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