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Strategic Behavior of Competitive Local Citizen Energy Communities in Liberalized Electricity Markets

2024-04Journal article Open access
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dc.contributor.authorAlgarvio, Hugo
dc.contributor.authorCouto, António
dc.contributor.authorLopes, Fernando
dc.contributor.authorEstanqueiro, Ana
dc.date.accessioned2024-05-24T16:08:05Z
dc.date.available2024-05-24T16:08:05Z
dc.date.issued2024-04
dc.description.abstractABSTRACT: The liberalization of energy retail markets empowered consumers with the ability to be part of new emerging entities, such as Citizen Energy Communities. With the increasing penetration of decentralized variable generation, communities have the advantage of incentive local carbon neutrality and sustainability. Local generation reduces transport grid usage and costs to consumers. Furthermore, worldwide legislation incentives energy communities by providing them discounts to other fee parts of the tariff apart from wholesale prices. This paper presents a model of strategic behavior, investment, and trading of energy communities. The model comprises the investment in local renewable generation, the design of competitive tariffs, and strategic bidding on wholesale markets. Consumers have an optimization model that selects the retail tariff that minimizes their costs with energy. These models are tested using data from Portuguese consumers and the Iberian electricity market. Results from the study indicate that inflexible consumers may reduce their costs by 29% by being part of the community. Furthermore, they have the potential to reduce their costs above 50% when using demand-response, adapting themselves to local production and wholesale prices.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationAlgarvio, H., Couto, A., Lopes, F. & Estanqueiro, A. (2024) Strategic Behavior of Competitive Local Citizen Energy Communities in Liberalized Electricity Markets. In: Energies, 2024, vol. 17(8), article nº 1863. https://doi.org/10.3390/en17081863pt_PT
dc.identifier.doi10.3390/en17081863pt_PT
dc.identifier.eissn1996-1073
dc.identifier.urihttp://hdl.handle.net/10400.9/4305
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/en17081863pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectCitizen Energy Communitiespt_PT
dc.subjectElectricity marketspt_PT
dc.subjectRenewable energy generationpt_PT
dc.titleStrategic Behavior of Competitive Local Citizen Energy Communities in Liberalized 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.titleEnergiespt_PT
oaire.citation.volume17pt_PT
oaire.fundingStreamH2020
person.familyNameCouto
person.familyNameLopes
person.familyNameEstanqueiro
person.givenNameAntónio
person.givenNameFernando
person.givenNameAna
person.identifier.ciencia-idB01D-304F-6CD3
person.identifier.ciencia-id2619-80A1-A8AC
person.identifier.ciencia-id7F11-A24D-EE81
person.identifier.orcid0000-0002-4129-838X
person.identifier.orcid0000-0002-7368-8817
person.identifier.orcid0000-0002-2967-627X
person.identifier.orcid0000-0002-0476-2526
person.identifier.ridJ-9752-2012
person.identifier.scopus-author-id19336967700
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.nameEuropean Commission
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
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relation.isAuthorOfPublicationa1153343-c1b9-406e-a83a-30dbee18d6a3
relation.isAuthorOfPublication20aa31b3-fa3c-42b7-82a4-e6b91c017f9c
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