A recent study published in ‘IEEE Access’ introduces a novel approach to allocating renewable energy resources (RESs) within energy communities, a concept that is gaining traction as more consumers seek sustainable energy solutions. Led by Eleni Stai from the School of Electrical and Computer Engineering at the National Technical University of Athens, this research explores how community members can fairly and efficiently share limited renewable energy, particularly during peak demand hours.
The decentralized mechanism proposed in the study allows community members to decide independently whether to compete for access to RESs. This approach is particularly relevant as energy demand fluctuates, especially during peak periods. The study employs a non-cooperative game theory framework, where participants weigh their options to either compete for energy or shift their energy consumption to off-peak times.
One of the key findings of this research is the implementation of a proportional allocation (PA) policy that effectively distributes limited energy resources among competing consumers. This method contrasts with a naive equal sharing policy, which often leads to higher social costs. The research indicates that the PA policy can significantly lower the social cost associated with energy distribution, demonstrating that “the risk attitude of the consumers can have a significant impact on the deviation of the induced social cost from the optimal cost.”
For businesses and stakeholders in the energy sector, this study presents valuable insights into consumer behavior and energy management strategies. By understanding how risk attitudes influence energy demand, companies can better tailor their offerings and develop more effective demand-side management programs. The decentralized nature of the proposed mechanism also opens avenues for innovative business models that empower consumers to take an active role in energy allocation.
The implications of this research extend beyond academic interest; they suggest practical applications that could enhance the efficiency of energy communities and promote the use of renewable sources. As energy markets evolve, understanding these dynamics will be crucial for companies aiming to remain competitive and sustainable.
For more information on Eleni Stai’s work, you can visit her affiliation at National Technical University of Athens.
