Thrilled to announce that our latest journal paper on "Dynamic Net Metering for Energy Communities" has been accepted for publication at the IEEE Transactions on Energy Markets, Policy and Regulation (arXiv). The paper employs mechanism design and control & optimization of prosumers with different DER compositions to propose a pricing mechanism that, in addition to being competitive with the lucrative retail programs by the DSO, it achieves the community’s welfare optimality in a decentralized fashion. More on the paper below.
This paper proposes Dynamic NEM (D-NEM) — a social welfare maximizing market mechanism for an energy community that aggregates individual and community-shared energy resources under a general net energy metering (NEM) policy. D-NEM dynamically sets the community NEM prices based on aggregated community resources, including flexible consumption, storage, and renewable generation. It guarantees a higher benefit to each community member than possible outside the community, and no sub-communities would be better off departing from its parent community. D-NEM aligns each member’s incentive with that of
the community such that each member maximizing individual surplus under D-NEM results in maximum community social welfare.
