Photovoltaics Enabling Sustainable Energy Communities: Technological Drivers and Emerging Markets

Chronis, Alexandros-Georgios; Palaiogiannis, Foivos; Kouveliotis-Lysikatos, Iasonas; Kotsampopoulos, Panos; Hatziargyriou, Nikos D.

doi:10.3390/en14071862

Cited by 13 publications

(4 citation statements)

References 42 publications

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“…A greater reliance on locally produced renewable sources of energy such as electricity produced from solar energy can be very relevant and important for investments and local self-sufficiency with electrical energy, particularly in Central and southern Mediterranean Europe, including in Slovenia [145][146][147][148]. An important factor in electricity markets and electricity consumption can be energy-saving strategies, policies, and practices [149][150][151].…”

Section: Discussionmentioning

confidence: 99%

Electricity Markets during the Liberalization: The Case of a European Union Country

Bojnec

Križaj

2021

Energies

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This paper analyzes electricity markets in Slovenia during the specific period of market deregulation and price liberalization. The drivers of electricity prices and electricity consumption are investigated. The Slovenian electricity markets are analyzed in relation with the European Energy Exchange (EEX) market. Associations between electricity prices on the one hand, and primary energy prices, variation in air temperature, daily maximum electricity power, and cross-border grid prices on the other hand, are analyzed separately for industrial and household consumers. Monthly data are used in a regression analysis during the period of Slovenia’s electricity market deregulation and price liberalization. Empirical results show that electricity prices achieved in the EEX market were significantly associated with primary energy prices. In Slovenia, the prices for daily maximum electricity power were significantly associated with electricity prices achieved on the EEX market. The increases in electricity prices for households, however, cannot be explained with developments in electricity prices on the EEX market. As the period analyzed is the stage of market deregulation and price liberalization, this can have important policy implications for the countries that still have regulated and monopolized electricity markets. Opening the electricity markets is expected to increase competition and reduce pressures for electricity price increases. However, the experiences and lessons learned among the countries following market deregulation and price liberalization are mixed. For industry, electricity prices affect cost competitiveness, while for households, electricity prices, through expenses, affect their welfare. A competitive and efficient electricity market should balance between suppliers’ and consumers’ market interests. With greening the energy markets and the development of the CO2 emission trading market, it is also important to encourage use of renewable energy sources.

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Section: Discussionmentioning

confidence: 99%

Electricity Markets during the Liberalization: The Case of a European Union Country

Bojnec

Križaj

2021

Energies

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“…Economic factors include costs related to capital investment and operation, power and energy costs, and economic benefits. Investment and operational costs (C2) were selected as the criteria [33,[40][41][42][43][44][45][46]. Environmental impact was comprehensively considered as a reduction in CO 2 emissions (C3) [40,41,43,46] to evaluate CES business models.…”

Section: Description Of Criteria Used For Evaluating Business Modelsmentioning

confidence: 99%

Business Model Selection for Community Energy Storage: A Multi Criteria Decision Making Approach

Bhola,

Chronis,

Kotsampopoulos

et al. 2023

Energies

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This paper explores business models for community energy storage (CES) and examines their potential and feasibility at the local level. By leveraging Multi Criteria Decision Making (MCDM) approaches and real-world case studies in Europe and India, it presents insights into CES deployment opportunities, challenges, and best practices. Different business models, including community energy cooperatives, utility–community partnerships, demand response, energy services, and market mechanisms, are analyzed. The proposed method combines the MCDM method PROMETHEE II with the fuzzy set theory to obtain a complete CES business model ranking, addressing project uncertainties. The analysis emphasizes CES’s role in balancing local renewable energy supply and demand, facilitating energy sharing, and achieving energy independence. Findings prioritize models like Community Cooperative, Energy Arbitrage, and Energy Arbitrage Peak Shaving for CES with renewables. Environmental benefits include reduced diesel use and greenhouse gas emissions. Efficient cooperatives are advocated to recover costs and enable competitive energy prices. The paper highlights the need for novel value propositions to boost the energy transition in local communities. This research contributes to the discourse on CES business models, fostering knowledge exchange and promoting effective strategies for sustainable energy systems.

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“…Local electricity markets provide a solution to this issue by creating a local market platform to the residents of a community which balances locally electricity production with consumption. In most of the reviewed literature [6], LEMs are posed as a market solution for the integration of the continuously increasing small renewable production units in the distribution system. The concept of LEM is directly linked with the emergence of the economic entity of the energy prosumer as it is a structural component that is required to foster an electricity market player in a LEM.…”

Section: Introductionmentioning

confidence: 99%

Local Energy Exchange Market for Community Off-Grid Microgrids: Case Study Los Molinos del Rio Aguas

et al. 2022

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The energy transition to renewable energy in a democratic way is directly connected to the development of energy communities and community microgrids. Los Molinos del Rio Aguas (LMRA), an ecological community in the south of Spain, offers a promising case study for an off-grid community-owned microgrid. In this paper, the interconnection of autonomous solar home systems is proposed with the addition of community assets in order to create an off-grid community microgrid that is financially beneficial for the community. Based on this scenario, a Local Energy Market (LEM) based on Distributed Ledger (DL) technologies is implemented in order to foster the energy exchange and contribute to the social welfare of the community. The results provide a win-win scenario for the community and provides an example of an off-grid community microgrid in combination with a LEM that takes into consideration the social aspect of the community.

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Photovoltaics Enabling Sustainable Energy Communities: Technological Drivers and Emerging Markets

Cited by 13 publications

References 42 publications

Electricity Markets during the Liberalization: The Case of a European Union Country

Electricity Markets during the Liberalization: The Case of a European Union Country

Business Model Selection for Community Energy Storage: A Multi Criteria Decision Making Approach

Local Energy Exchange Market for Community Off-Grid Microgrids: Case Study Los Molinos del Rio Aguas

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