Tariff design for local energy communities through strategic retail pricing
File(s)
Author(s)
Qiu, Dawei
Chrysanthopoulos, Nikolaos
Strbac, Goran
Type
Conference Paper
Abstract
Local energy markets (LEM) have recently attracted great interest as they enable effective coordination of small-scale distributed energy resources (DER) at the customer side and avoidance of distribution network reinforcements. However, the introduction of LEM has also significant implications on the strategic interactions between the customers and incumbent electricity suppliers. This paper explores these interactions by utilising a novel multi-period bi-level optimisation problem, which captures the pricing decisions of a strategic supplier and the response of energy communities (flexible consumers, microgenerators, energy storage systems) either individually or after being integrated through a LEM. Case studies are carried out to demonstrate the benefits of LEM in both physical and economic terms, while the effects on the tariff’s design are explored through the analysis of supplier’s pricing strategies.
Date Issued
2023-07-03
Date Acceptance
2023-06-01
Citation
2023 19th International Conference on the European Energy Market (EEM), 2023, pp.1-6
ISSN
2165-4077
Publisher
IEEE
Start Page
1
End Page
6
Journal / Book Title
2023 19th International Conference on the European Energy Market (EEM)
Copyright Statement
Copyright © 2023 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
Identifier
https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:001032836700083&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=a2bf6146997ec60c407a63945d4e92bb
Source
19th International Conference on the European Energy Market (EEM)
Subjects
Bi-level optimisation
Business & Economics
DEMAND
distributed energy resources
Economics
electricity supplier
Energy & Fuels
energy communities
Engineering
Engineering, Electrical & Electronic
Green & Sustainable Science & Technology
local energy markets
MANAGEMENT
MODEL
Science & Technology
Science & Technology - Other Topics
Social Sciences
Technology
Publication Status
Published
Start Date
2023-06-06
Finish Date
2023-06-08
Coverage Spatial
Lappeenranta, Finland