Monte Carlo Simulation of the Profits of Households in a Peer-to-Peer Electricity Market Accounting for Imbalance Charges - Results

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posted on 2023-08-01, 16:43 authored by Timothy CapperTimothy Capper, Jaise Kuriakose, Maria Sharmina

<p>Results from 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. See linked software in related materials section.</p>

Funding

EPSRC Centre for Doctoral Training in Power Networks at The University of Manchester

Engineering and Physical Sciences Research Council

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Related Materials

1.
DOI - Continues Monte Carlo Simulation of the Profits of Households in a Peer-to-Peer Electricity Market Accounting for Imbalance Charges
2.
DOI - Is cited by Impact of Energy Imbalance on Financial Rewards in Peer-to-Peer Electricity Markets

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Keywords

Peer-to-peer electricity Monte Carlo Simulation.Imbalance charge Energy imbalance Renewable Power and Energy Systems Engineering (excl. Solar Cells)Power and Energy Systems Engineering (excl. Renewable Power)

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