Optimal Operation of Renewable Energy Communities under Demand Response Programs

Abstract

Within the context of renewable energy communities, this paper focuses on optimal operation of producers equipped with energy storage systems in the presence of demand response. A novel strategy for optimal scheduling of the storage systems of the community members under price-volume demand response programs, is devised. The underlying optimization problem is designed as a low-complexity mixed-integer linear program that scales well with the community size. Once the optimal solution is found, an algorithm for distributing the demand response rewards is introduced in order to guarantee fairness among participants. The proposed approach ensures increased benefits for producers joining a community compared to standalone operation.