English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

Energy cooperatives (ECs) such as residential and industrial microgrids havethe potential to mitigate increasing fluctuations in renewable electricitygeneration, but only if their joint response is coordinated. However, thecoordination and control of independently operated flexible resources (e.g.,storage, demand response) imposes critical challenges arising from theheterogeneity of the resources, conflict of interests, and impact on the grid.Correspondingly, overcoming these challenges with a general and fair yetefficient exchange mechanism that coordinates these distributed resources willaccommodate renewable fluctuations on a local level, thereby supporting theenergy transition. In this paper, we introduce such an exchange mechanism. Itincorporates a payment structure that encourages prosumers to participate inthe exchange by increasing their utility above baseline alternatives. Theallocation from the proposed mechanism increases the system efficiency(utilitarian social welfare) and distributes profits more fairly (measured byNash social welfare) than individual flexibility activation. A case studyanalyzing the mechanism performance and resulting payments in numericalexperiments over real demand and generation profiles of the Pecan Streetdataset elucidates the efficacy to promote cooperation between co-locatedflexibilities in residential cooperatives through local exchange.

An Exchange Mechanism to Coordinate Flexibility in Residential Energy Cooperatives