Electrical and Electronics Commons^™

Hosting A Community-Based Local Electricity Market In A Residential Network, Aziz Saif, Shafi K. Khadem, Michael Conlon, Brian Norton

Articles

This paper presents the potential of building a local electricity market (LEM) to boost the deployment of the local energy communities, centred around active customers with distributed energy resources (DERs). To conduct a comprehensive and detailed study on different cases with reduced computational burdens, this paper adopts a simplified modelling approach where the market and network model simulations are performed in a cascaded, decoupled fashion. This allows achieving the optimal LEM output for the energy community with different DER assets that are not bounded by the network constraints. The investigation involves quantifying the benefits brought by LEM to energy communities …