Decentralized Equitable Energy Access in Energy Communities
We address the issue of equitable energy access within an energy community consisting of members with diverse socioeconomic backgrounds, including varying income levels and differing capacities to access distributed energy resources such as solar power and storage systems. While optimal energy consu...
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| Main Authors | , , |
|---|---|
| Format | Journal Article |
| Language | English |
| Published |
05.10.2024
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| Subjects | |
| Online Access | Get full text |
| DOI | 10.48550/arxiv.2410.04300 |
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| Abstract | We address the issue of equitable energy access within an energy community
consisting of members with diverse socioeconomic backgrounds, including varying
income levels and differing capacities to access distributed energy resources
such as solar power and storage systems. While optimal energy consumption
scheduling is well-studied, integrating equity into decentralized real-time
energy access remains under-explored. This paper formulates Equity-regarding
Welfare Maximization (EqWM)--a welfare optimization energy scheduling subject
to equity constraints. We further develop a decentralized implementation
(D-EqWM) as a bi-level optimization, where a non-profit operator designs a
community pricing policy aimed at maximizing overall welfare, subject to
constraints that ensure equitable access. Community members, in turn, optimize
their individual consumption based on these prices. We present the optimal
pricing policy along with its key properties. |
|---|---|
| AbstractList | We address the issue of equitable energy access within an energy community
consisting of members with diverse socioeconomic backgrounds, including varying
income levels and differing capacities to access distributed energy resources
such as solar power and storage systems. While optimal energy consumption
scheduling is well-studied, integrating equity into decentralized real-time
energy access remains under-explored. This paper formulates Equity-regarding
Welfare Maximization (EqWM)--a welfare optimization energy scheduling subject
to equity constraints. We further develop a decentralized implementation
(D-EqWM) as a bi-level optimization, where a non-profit operator designs a
community pricing policy aimed at maximizing overall welfare, subject to
constraints that ensure equitable access. Community members, in turn, optimize
their individual consumption based on these prices. We present the optimal
pricing policy along with its key properties. |
| Author | Tong, Lang Li, Siying Mount, Timothy Douglas |
| Author_xml | – sequence: 1 givenname: Siying surname: Li fullname: Li, Siying – sequence: 2 givenname: Timothy Douglas surname: Mount fullname: Mount, Timothy Douglas – sequence: 3 givenname: Lang surname: Tong fullname: Tong, Lang |
| BackLink | https://doi.org/10.48550/arXiv.2410.04300$$DView paper in arXiv |
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| Snippet | We address the issue of equitable energy access within an energy community
consisting of members with diverse socioeconomic backgrounds, including varying... |
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| Title | Decentralized Equitable Energy Access in Energy Communities |
| URI | https://arxiv.org/abs/2410.04300 |
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