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Optimal Power Dispatch for Maximum Energy Community Welfare by Considering Closed Distribution Systems and Renewable Sources.

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Title: Optimal Power Dispatch for Maximum Energy Community Welfare by Considering Closed Distribution Systems and Renewable Sources.
Authors: De Oliveira-De Jesus, Paulo M.1 (AUTHOR) pm.deoliveiradejes@uniandes.edu.co, Yusta, Jose M.2 (AUTHOR) jmyusta@unizar.es
Source: Energies (19961073). Sep2024, Vol. 17 Issue 18, p4707. 21p.
Subjects: Electricity markets, Marginal pricing, Reactive power, Renewable energy sources, Electricity pricing
Abstract: Regulatory boards are promoting closed distribution systems (CDSs), which are different from traditional public-access networks, that can be owned and managed by energy communities (ECs). The inclusion of local renewable energy potential and an adequate schedule of storage devices in a CDS allow cooperation among the EC's members in order to reduce operational expenditure (OPEX), providing internally competitive electricity prices with respect to those provided by publicly regulated networks and electricity markets. The CDS operators can assume a new role as the centralized energy dispatchers of generation and storage assets in order to maximize the profits of the members of the EC. This paper proposes an innovative optimal active and reactive power dispatch model for maximum community welfare conditions. A key difference between this proposal and existing social-welfare-based dispatches on public-access networks is the exclusion of the profit of the external wholesale electricity market. The focus of the proposed method is to maximize the welfare of all community members. A remuneration framework based on a collective EC with a single frontier is adopted, considering agreements between members based on locational marginal pricing (CDS-LMP). Results from an illustrative case study show a reduction of 50% in the EC's OPEX with a payback time of 6 years for investments in CDSs, renewable sources, and storage. [ABSTRACT FROM AUTHOR]
Copyright of Energies (19961073) is the property of MDPI and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Optimal Power Dispatch for Maximum Energy Community Welfare by Considering Closed Distribution Systems and Renewable Sources.
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  Data: <searchLink fieldCode="JN" term="%22Energies+%2819961073%29%22">Energies (19961073)</searchLink>. Sep2024, Vol. 17 Issue 18, p4707. 21p.
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  Data: <searchLink fieldCode="DE" term="%22Electricity+markets%22">Electricity markets</searchLink><br /><searchLink fieldCode="DE" term="%22Marginal+pricing%22">Marginal pricing</searchLink><br /><searchLink fieldCode="DE" term="%22Reactive+power%22">Reactive power</searchLink><br /><searchLink fieldCode="DE" term="%22Renewable+energy+sources%22">Renewable energy sources</searchLink><br /><searchLink fieldCode="DE" term="%22Electricity+pricing%22">Electricity pricing</searchLink>
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  Data: Regulatory boards are promoting closed distribution systems (CDSs), which are different from traditional public-access networks, that can be owned and managed by energy communities (ECs). The inclusion of local renewable energy potential and an adequate schedule of storage devices in a CDS allow cooperation among the EC's members in order to reduce operational expenditure (OPEX), providing internally competitive electricity prices with respect to those provided by publicly regulated networks and electricity markets. The CDS operators can assume a new role as the centralized energy dispatchers of generation and storage assets in order to maximize the profits of the members of the EC. This paper proposes an innovative optimal active and reactive power dispatch model for maximum community welfare conditions. A key difference between this proposal and existing social-welfare-based dispatches on public-access networks is the exclusion of the profit of the external wholesale electricity market. The focus of the proposed method is to maximize the welfare of all community members. A remuneration framework based on a collective EC with a single frontier is adopted, considering agreements between members based on locational marginal pricing (CDS-LMP). Results from an illustrative case study show a reduction of 50% in the EC's OPEX with a payback time of 6 years for investments in CDSs, renewable sources, and storage. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Energies (19961073) is the property of MDPI and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.3390/en17184707
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      – Code: eng
        Text: English
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        PageCount: 21
        StartPage: 4707
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      – SubjectFull: Electricity markets
        Type: general
      – SubjectFull: Marginal pricing
        Type: general
      – SubjectFull: Reactive power
        Type: general
      – SubjectFull: Renewable energy sources
        Type: general
      – SubjectFull: Electricity pricing
        Type: general
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      – TitleFull: Optimal Power Dispatch for Maximum Energy Community Welfare by Considering Closed Distribution Systems and Renewable Sources.
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              M: 09
              Text: Sep2024
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              Y: 2024
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