Fair division of costs in green energy markets
Research output: Contribution to journal › Journal article › Research › peer-review
Standard
Fair division of costs in green energy markets. / Hougaard, Jens Leth; Kronborg, Dorte; Smilgins, Aleksandrs.
In: Energy, Vol. 139, 2017, p. 220-230.Research output: Contribution to journal › Journal article › Research › peer-review
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - Fair division of costs in green energy markets
AU - Hougaard, Jens Leth
AU - Kronborg, Dorte
AU - Smilgins, Aleksandrs
PY - 2017
Y1 - 2017
N2 - This paper considers cost allocation in networks where agents are characterized by stochastic demand and supply of a non-storable good, e.g. green energy. The grid itself creates possibilities of exchanging energy between agents and we propose to allocate common costs in proportion to the economic gain of being part of the grid. Our model includes a set of fundamental requirements for the associated trading platform. In particular, it is argued that a suitable mechanism deviates from a traditional market. The approach is illustrated by simulations.
AB - This paper considers cost allocation in networks where agents are characterized by stochastic demand and supply of a non-storable good, e.g. green energy. The grid itself creates possibilities of exchanging energy between agents and we propose to allocate common costs in proportion to the economic gain of being part of the grid. Our model includes a set of fundamental requirements for the associated trading platform. In particular, it is argued that a suitable mechanism deviates from a traditional market. The approach is illustrated by simulations.
U2 - 10.1016/j.energy.2017.06.122
DO - 10.1016/j.energy.2017.06.122
M3 - Journal article
VL - 139
SP - 220
EP - 230
JO - Energy
JF - Energy
SN - 0360-5442
ER -
ID: 180942369