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Abstract
Establishing energy communities provides a practical and effective approach to balance energy systems and support the green transition. Despite their recognized value, the widespread implementation of energy communities is yet to materialize, demanding a comprehensive understanding of technical, social, and economic aspects. This paper delves into the economic benefits of energy community operations, with a primary focus on load-shifting services. It accomplishes the objective by comparing different demand response strategies implemented in the Energy Community Smart Digital Node concept. Leveraging historical data from the electricity market, the study estimates economic benefits for stakeholders. Additionally, the paper further explores the translation of these economic benefits into sustainable business models for energy community operators while minimizing disruptions to end-users’ energy consumption behavior caused by demand response actions.
Original language | English |
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Title of host publication | 2024 Smart Systems Integration Conference and Exhibition (SSI) |
Publisher | Wiley-IEEE Press |
Pages | 1-4 |
Number of pages | 4 |
ISBN (Print) | 979-8-3503-8878-7 |
DOIs | |
Publication status | Published - 18 Apr 2024 |
MoE publication type | A4 Article in a conference publication |
Event | 2024 Smart Systems Integration Conference and Exhibition, SSI 2024 - Hamburg, Germany Duration: 16 Apr 2024 → 18 Apr 2024 |
Conference
Conference | 2024 Smart Systems Integration Conference and Exhibition, SSI 2024 |
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Country/Territory | Germany |
City | Hamburg |
Period | 16/04/24 → 18/04/24 |
Keywords
- Economics
- Energy consumption
- Biological system modeling
- Transformers
- Smart systems
- Electricity supply industry
- Demand response
- Stakeholders
- Load modeling
- Business
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Dive into the research topics of 'Analysis of Economic Benefits from Load Shifting Services in Energy Communities'. Together they form a unique fingerprint.Projects
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STRATA: Smart Transformation for Resilience And communityservices Through digitAl grid layers
Mäki, K. (Manager)
1/06/22 → 31/05/25
Project: Business Finland project