Small Energy Prosumer Revenue Diversification with ASIC hardware

• Published in: 2022 45th Jubilee International Convention on Information, Communication and Electronic Technology (MIPRO) pp. 44 - 49
• Main Authors: Zupan, L., Ostheimer, I., Horvat, F., Vukobratovic, M.
• Format: Conference Proceeding
• Language: English
• Published: Croatian Society MIPRO 23.05.2022
• Subjects: ASIC; blockchain; Current measurement; Energy consumption; Energy measurement; Law; Particle measurements; Power measurement; Production; prosumers; revenue; self-consumption
• ISSN: 2623-8764
• DOI: 10.23919/MIPRO55190.2022.9803360

This paper observes the market participation possibilities of a small electricity producer with its own electricity consumption - prosumer. Based on actual 10-minute measurements of consumption and production for a household with an installed PV system and considering the current legal and regulatory framework in the Republic of Croatia, this paper proposes a solution for net producers -prosumers who on annual level deliver more energy to the grid than they take from the power supplier. By using ASIC hardware in the optimal mode for observed household, it is possible to significantly increase the revenue of the prosumer while simultaneously having a favorable effect on the power network. With precise methodology and data validation, this paper indicates how the integration of a managed ASIC consumption unit into each prosumer node enables more harmonious cooperation with the supplier, while creating an additional revenue stream for the end users of the network. In addition to the presentation of models, calculations, and results, the paper presents the possibility of combining approaches and forming energy communities based on the consolidation of ASIC hardware with the aim of joint market performance.