TY - JOUR
T1 - An assessment of operational economic benefits of renewable energy communities in Belgium
AU - Felice, Alex
AU - Rakocevic, Lucija
AU - Peeters, Leen
AU - Messagie, Maarten
AU - Coosemans, Thierry
AU - Camargo, Luis Ramirez
N1 - Funding Information:
This research was partly funded by the H2020 RENAISSANCE project (grant number 824342) as well as by VLAIO in the ICON project ROLECS (reference HBC.2018.0527)
Publisher Copyright:
© Content from this work may be used under the terms of the Creative Commons Attribution 3.0 Licence.
PY - 2021/11/18
Y1 - 2021/11/18
N2 - Renewable Energy Communities (RECs) are anticipated as key means to restructure the energy system in the European Union. However, there are still many open questions regarding the needed conditions that would allow their extensive roll-out. Here we propose a techno-economic model to assess the conditions needed by RECs to operate in an economic beneficial way in the Belgian context. The results indicate that while user type, user consumption and electricity tariff design are important, they are not as important as the amount of installed flexible technology, e.g. heat pumps or electric vehicles, to reduce operational costs. In scenarios with high penetration of flexible technologies the annual operational costs of the REC can be up to 17 % lower than the operational costs of the business-as-usual situation.
AB - Renewable Energy Communities (RECs) are anticipated as key means to restructure the energy system in the European Union. However, there are still many open questions regarding the needed conditions that would allow their extensive roll-out. Here we propose a techno-economic model to assess the conditions needed by RECs to operate in an economic beneficial way in the Belgian context. The results indicate that while user type, user consumption and electricity tariff design are important, they are not as important as the amount of installed flexible technology, e.g. heat pumps or electric vehicles, to reduce operational costs. In scenarios with high penetration of flexible technologies the annual operational costs of the REC can be up to 17 % lower than the operational costs of the business-as-usual situation.
UR - http://www.scopus.com/inward/record.url?scp=85120908573&partnerID=8YFLogxK
U2 - 10.1088/1742-6596/2042/1/012033
DO - 10.1088/1742-6596/2042/1/012033
M3 - Conference article
AN - SCOPUS:85120908573
SN - 1742-6588
VL - 2042
SP - 1
EP - 6
JO - Journal of Physics: Conference Series
JF - Journal of Physics: Conference Series
M1 - 012033
T2 - 2021 International Hybrid Conference on Carbon Neutral Cities - Energy Efficiency and Renewables in the Digital Era, CISBAT 2021
Y2 - 8 September 2021 through 10 September 2021
ER -