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Management of local citizen energy communities and bilateral contracting in multi-agent electricity markets

2021-11Journal article Open access
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dc.contributor.authorAlgarvio, Hugo
dc.date.accessioned2022-01-05T12:34:25Z
dc.date.available2022-01-05T12:34:25Z
dc.date.issued2021-11
dc.description.abstractABSTRACT: Over the last few decades, the electricity sector has experienced several changes, resulting in different electricity markets (EMs) models and paradigms. In particular, liberalization has led to the establishment of a wholesale market for electricity generation and a retail market for electricity retailing. In competitive EMs, customers can do the following: freely choose their electricity suppliers; invest in variable renewable energy such as solar photovoltaic; become prosumers; or form local alliances such as Citizen Energy Communities (CECs). Trading of electricity can be done in spot and derivatives markets, or by bilateral contracts. This article focuses on CECs. Specifically, it presents how agent-based local consumers can form alliances as CECs, manage their resources, and trade on EMs. It also presents a review of how agent-based systems can model and support the formation and interaction of alliances in the electricity sector. The CEC can trade electricity directly with sellers through private bilateral agreements. During the negotiation of private bilateral contracts, the CEC receives the prices and volumes of their members and according to its negotiation strategy, tries to satisfy the electricity demands of all members and reduce their costs for electricity.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationAlgarvio, Hugo - Management of local citizen energy communities and bilateral contracting in multi-agent electricity markets. In: Smart Cities, 2021, Vol. 4 (4), p. 1437-1453pt_PT
dc.identifier.doi10.3390/smartcities4040076pt_PT
dc.identifier.issn2624-6511
dc.identifier.urihttp://hdl.handle.net/10400.9/3667
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherMDPIpt_PT
dc.relationTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
dc.relation.publisherversionhttps://doi.org/10.3390/smartcities4040076pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectEnergypt_PT
dc.subjectRenewable energy generationpt_PT
dc.subjectAgent-based modelingpt_PT
dc.subjectElectricity marketspt_PT
dc.subjectBilateral contractingpt_PT
dc.subjectMulti-agent systemspt_PT
dc.titleManagement of local citizen energy communities and bilateral contracting in multi-agent electricity marketspt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.awardTitleTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/864276/EU
oaire.citation.endPage1453pt_PT
oaire.citation.issue4pt_PT
oaire.citation.startPage1437pt_PT
oaire.citation.titleSmart Citiespt_PT
oaire.citation.volume4pt_PT
oaire.fundingStreamH2020
person.identifier.ciencia-idB01D-304F-6CD3
person.identifier.orcid0000-0002-4129-838X
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.nameEuropean Commission
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication63bffd90-c233-4ffe-b222-d5b12e31ae33
relation.isAuthorOfPublication.latestForDiscovery63bffd90-c233-4ffe-b222-d5b12e31ae33
relation.isProjectOfPublication7d7e6f9b-bf23-4adc-8f93-2061ef327e26
relation.isProjectOfPublication.latestForDiscovery7d7e6f9b-bf23-4adc-8f93-2061ef327e26

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