Energy Collectives: A Community and Fairness Based Approach to Future Electricity Markets

By Fabio Moret, Pierre Pinson. IEEE Transactions on Power Systems, 2019

401 citations recorded by the source corpus.

While power system organization has evolved from a hierarchical structure to a more decentralized model, electricity markets are still not up to date with the ongoing transformation toward more consumer-centric economies. As information and communication technologies are broadly adopted, they allow prosumers to have a more proactive role in power system operation. This work introduces the concept of energy collectives, as a community-based electricity market structure. We find that when prosumers are allowed to share energy at community level, the overall electricity procurement for the community reflects prosumers’ preferences. We show that community members can be influenced by a supervisory third-party in charge of interfacing with the market and system operator and of guaranteeing the collective common agreements. We simulate a number of test cases and apply typical principles from analysis of communication networks and distributed systems to assess community fairness.

Subfields: Electrical and Electronic Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/b2b73c2ba3ced9a7130710a5e41aed29fd5444a9

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Citations in the corpus

Consensus-Based Approach to Peer-to-Peer Electricity Markets With Product Differentiation (2018, background): “These structures also differ in the degree of centralization in the implementation, depending on whether or not there is a need for a supervisory agent [5], [7].”
Decentralized P2P Energy Trading Under Network Constraints in a Low-Voltage Network (2018, background): “Local distribution markets have been proposed as means of efﬁciently managing the uptake of DERs [1], [2].”
Peer-to-Peer Trading in Electricity Networks: An Overview (2020, background): “The members may work either in a collaborative [33] or a competitive manner [32].”
Peer-to-Peer Energy Systems for Connected Communities: A Review of Recent Advances and Emerging Challenges (2020, background): “Community market X X [19], [31], [38]–[40]”
Peer-to-peer and community-based markets: A comprehensive review (2018, background): “Keywords: consumer-centric electricity market, decentralized and distributed optimization, energy community, peer-to-peer energy trading, prosumers ∗Corresponding author Email addresses: tsousa@elektro.dtu.dk (Tiago Sousa), tasoares@inesctec.pt (Tiago Soares), ppin@elektro.dtu.dk (Pierre Pinson), fm”
A Decentralized Bilateral Energy Trading System for Peer-to-Peer Electricity Markets (2020, methodology): “The first applied method is an ADMM-based distributed market clearing method, as proposed in [15].”