LAPSE:2023.26641
Published Article

LAPSE:2023.26641
Comparison of Profitability of PV Electricity Sharing in Renewable Energy Communities in Selected European Countries
April 3, 2023
Abstract
The economic value of photovoltaic (PV) systems depends on country-specific conditions. This study investigates the impact of grid fees, solar irradiance and local consumption on the profitability and penetration of PV systems and batteries in renewable energy communities. The linear optimization model calculates the optimal investments into PV and storages applied on a test community, which represents the European housing situation. The comparison of eight countries considers individual heat and cooling demands as well as sector coupling. Results show that renewable energy communities have the potential to reduce electricity costs due to community investments and load aggregation but do not necessarily lead to more distributed PV. Besides full-load hours, the energy component of electricity tariffs has the highest impact on PV distribution. Under current market conditions, battery energy storage systems are rarely profitable for increasing PV self-consumption but there is potential with power pricing. Renewable energy communities enable individuals to be a prosumer without the necessity of owning a PV system. This could lead to more (community) PV investments in the short term. Hence, it hinders investments in a saturated PV market.
The economic value of photovoltaic (PV) systems depends on country-specific conditions. This study investigates the impact of grid fees, solar irradiance and local consumption on the profitability and penetration of PV systems and batteries in renewable energy communities. The linear optimization model calculates the optimal investments into PV and storages applied on a test community, which represents the European housing situation. The comparison of eight countries considers individual heat and cooling demands as well as sector coupling. Results show that renewable energy communities have the potential to reduce electricity costs due to community investments and load aggregation but do not necessarily lead to more distributed PV. Besides full-load hours, the energy component of electricity tariffs has the highest impact on PV distribution. Under current market conditions, battery energy storage systems are rarely profitable for increasing PV self-consumption but there is potential with power pricing. Renewable energy communities enable individuals to be a prosumer without the necessity of owning a PV system. This could lead to more (community) PV investments in the short term. Hence, it hinders investments in a saturated PV market.
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Keywords
battery energy storage, distributed energy resources, electric energy sharing, grid tariff, portfolio investment optimization, PV, renewable energy communities, sector coupling
Subject
Suggested Citation
Radl J, Fleischhacker A, Revheim FH, Lettner G, Auer H. Comparison of Profitability of PV Electricity Sharing in Renewable Energy Communities in Selected European Countries. (2023). LAPSE:2023.26641
Author Affiliations
Radl J: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Fleischhacker A: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Revheim FH: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Lettner G: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Auer H: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Fleischhacker A: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Revheim FH: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Lettner G: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Auer H: Institute of Energy Systems and Electrical Drives, TU Wien, Gußhausstraße 25-29/E37003, 1040 Vienna, Austria [ORCID]
Journal Name
Energies
Volume
13
Issue
19
Article Number
E5007
Year
2020
Publication Date
2020-09-23
ISSN
1996-1073
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PII: en13195007, Publication Type: Journal Article
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LAPSE:2023.26641
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https://doi.org/10.3390/en13195007
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