Monte Carlo Simulation-based Economic Risk Assessment in Energy Communities

Research output: Chapter in Book or Conference ProceedingsConference Proceedings without Presentation

Abstract

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.
Original languageEnglish
Title of host publication17th IAEE European Energy Conference (IAEE Europe)
Pages1-2
Number of pages2
Publication statusPublished - 23 Sept 2022
EventIAEE European Energy Conference 2022 -
Duration: 21 Sept 202224 Sept 2022

Conference

ConferenceIAEE European Energy Conference 2022
Period21/09/2224/09/22

Research Field

  • Former Research Field - Integrated Energy Systems

Keywords

  • energy community
  • risk assessment
  • Monte Carlo simulation

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