imbalance_charge_model_rev2.py (16.75 kB)
Monte Carlo Simulation of the Profits of Households in a Peer-to-Peer Electricity Market Accounting for Imbalance Charges
Version 2 2022-01-10, 17:26
Version 1 2021-05-28, 10:55
software
posted on 2022-01-10, 17:26 authored by Timothy CapperTimothy Capper, Jaise Kuriakose, Maria SharminaThis is a Monte Carlo simulation of households with rooftop PV acting in a peer-to-peer electricity market. The model calculated the profit of a households in the peer-to-peer electricity market accounting for imbalance charges. The revenue from the traditional market (retail market and feed-in tariff) is also calculated for comparison.
Funding
EPSRC Centre for Doctoral Training in Power Networks at The University of Manchester
Engineering and Physical Sciences Research Council
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