Monte Carlo Simulation-based Economic Risk Assessment in Energy Communities

In the European Union (EU), energy communities are seen as a pathway towards increased energy self-sufficiency of individual citizens as well as on a larger scale. Moreover, they are deemed a way to foster and implement decentralised renewable energy sources (RES), especially photovoltaics (PV). For that reason, research on energy communities has become increasingly prevalent in recent years. While a number of studies with a focus on the economic viability of energy communities already exist, methods to evaluate the economic risks associated with them have not yet been developed and introduced in literature, even though this aspect is crucial for making sound decisions on investments, operation strategies, and financing options for potential energy communities prior to their establishment.