How Can Energy Communities Provide Grid Services? A Dynamic Pricing Mechanism with Budget Balance, Individual Rationality, and Fair Allocation

Fuente: arXiv
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Autori principali: Crowley, Bennevis, Kazempour, Jalal, Mitridati, Lesia
Natura: Preprint
Pubblicazione: 2023
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author Crowley, Bennevis
Kazempour, Jalal
Mitridati, Lesia
author_facet Crowley, Bennevis
Kazempour, Jalal
Mitridati, Lesia
contents Following recent Danish legislation promoting energy communities, we explore how to enable these communities to provide grid services to distribution system operators. In particular, we focus on "capacity limitation services", where we propose a bilateral agreement in which an energy community is given reduced grid import tariffs by setting a cap to its consumption level in certain hours. This requires a coordination mechanism between the community manager and the prosumers within the community. We enable this coordination by developing a bilevel optimization model to be solved by the community manager, aiming to set dynamic, i.e., time- and prosumer-differentiated, prices. This coordination mechanism enabled by dynamic pricing ensures desirable market properties including budget balance for the community manager and individual rationality for prosumers, while encouraging (but not guaranteeing) a fair allocation of collected benefits among prosumers.
format Preprint
id arxiv_https___arxiv_org_abs_2309_05363
institution arXiv
publishDate 2023
record_format arxiv
spellingShingle How Can Energy Communities Provide Grid Services? A Dynamic Pricing Mechanism with Budget Balance, Individual Rationality, and Fair Allocation
Crowley, Bennevis
Kazempour, Jalal
Mitridati, Lesia
Optimization and Control
Following recent Danish legislation promoting energy communities, we explore how to enable these communities to provide grid services to distribution system operators. In particular, we focus on "capacity limitation services", where we propose a bilateral agreement in which an energy community is given reduced grid import tariffs by setting a cap to its consumption level in certain hours. This requires a coordination mechanism between the community manager and the prosumers within the community. We enable this coordination by developing a bilevel optimization model to be solved by the community manager, aiming to set dynamic, i.e., time- and prosumer-differentiated, prices. This coordination mechanism enabled by dynamic pricing ensures desirable market properties including budget balance for the community manager and individual rationality for prosumers, while encouraging (but not guaranteeing) a fair allocation of collected benefits among prosumers.
title How Can Energy Communities Provide Grid Services? A Dynamic Pricing Mechanism with Budget Balance, Individual Rationality, and Fair Allocation
topic Optimization and Control
url https://arxiv.org/abs/2309.05363