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Photovoltaics Enabling Sustainable Energy Communities: Technological Drivers and Emerging Markets

Author

Listed:
  • Alexandros-Georgios Chronis

    (School of Electrical and Computer Engineering, National Technical University of Athens, 15780 Athens, Greece)

  • Foivos Palaiogiannis

    (Collective Energy Cooperative, Energy Community, 11631 Athens, Greece)

  • Iasonas Kouveliotis-Lysikatos

    (School of Electrical Engineering and Computer Science, KTH—Royal Institute of Technology, SE-100 44 Stockholm, Sweden)

  • Panos Kotsampopoulos

    (School of Electrical and Computer Engineering, National Technical University of Athens, 15780 Athens, Greece)

  • Nikos Hatziargyriou

    (School of Electrical and Computer Engineering, National Technical University of Athens, 15780 Athens, Greece)

Abstract

In this paper, we investigate the economic benefits of an energy community investing in small-scale photovoltaics (PVs) when local energy trading is operated amongst the community members. The motivation stems from the open research question on whether a community-operated local energy market can enhance the investment feasibility of behind-the-meter small-scale PVs installed by energy community members. Firstly, a review of the models, mechanisms and concepts required for framing the relevant concepts is conducted, while a clarification of nuances at important terms is attempted. Next, a tool for the investigation of the economic benefits of operating a local energy market in the context of an energy community is developed. We design the local energy market using state-of-the-art formulations, modified according to the requirements of the case study. The model is applied to an energy community that is currently under formation in a Greek municipality. From the various simulations that were conducted, a series of generalizable conclusions are extracted.

Suggested Citation

  • Alexandros-Georgios Chronis & Foivos Palaiogiannis & Iasonas Kouveliotis-Lysikatos & Panos Kotsampopoulos & Nikos Hatziargyriou, 2021. "Photovoltaics Enabling Sustainable Energy Communities: Technological Drivers and Emerging Markets," Energies, MDPI, vol. 14(7), pages 1-21, March.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:7:p:1862-:d:525193
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    References listed on IDEAS

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    Cited by:

    1. Christos Karystinos & Athanasios Vasilakis & Panos Kotsampopoulos & Nikos Hatziargyriou, 2022. "Local Energy Exchange Market for Community Off-Grid Microgrids: Case Study Los Molinos del Rio Aguas," Energies, MDPI, vol. 15(3), pages 1-15, January.
    2. Hildebrandt, Benjamin & Hurink, Johann & Manitz, Michael, 2024. "Local energy management: A base model for the optimization of virtual economic units," Energy Economics, Elsevier, vol. 129(C).
    3. Venizelos Efthymiou & Christina N. Papadimitriou, 2022. "Smart Photovoltaic Energy Systems for a Sustainable Future," Energies, MDPI, vol. 15(18), pages 1-3, September.
    4. Herenčić, Lin & Kirac, Mislav & Keko, Hrvoje & Kuzle, Igor & Rajšl, Ivan, 2022. "Automated energy sharing in MV and LV distribution grids within an energy community: A case for Croatian city of Križevci with a hybrid renewable system," Renewable Energy, Elsevier, vol. 191(C), pages 176-194.
    5. Prabha Bhola & Alexandros-Georgios Chronis & Panos Kotsampopoulos & Nikos Hatziargyriou, 2023. "Business Model Selection for Community Energy Storage: A Multi Criteria Decision Making Approach," Energies, MDPI, vol. 16(18), pages 1-30, September.
    6. Štefan Bojnec & Alan Križaj, 2021. "Electricity Markets during the Liberalization: The Case of a European Union Country," Energies, MDPI, vol. 14(14), pages 1-21, July.
    7. Francesca Ceglia & Elisa Marrasso & Giovanna Pallotta & Carlo Roselli & Maurizio Sasso, 2022. "The State of the Art of Smart Energy Communities: A Systematic Review of Strengths and Limits," Energies, MDPI, vol. 15(9), pages 1-28, May.
    8. Emmanuel N. Efthymiou & Sofia Yfanti & George Kyriakarakos & Panagiotis L. Zervas & Panagiotis Langouranis & Konstantinos Terzis & George M. Stavrakakis, 2022. "A Practical Methodology for Building a Municipality-Led Renewable Energy Community: A Photovoltaics-Based Case Study for the Municipality of Hersonissos in Crete, Greece," Sustainability, MDPI, vol. 14(19), pages 1-31, October.

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