imbalance_charge_model_rev2.py (16.75 kB)
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Monte Carlo Simulation of the Profits of Households in a Peer-to-Peer Electricity Market Accounting for Imbalance Charges

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posted on 10.01.2022, 17:26 authored by Timothy CapperTimothy Capper, Jaise Kuriakose, Maria Sharmina
This 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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