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Design Space Exploration for the Profitability of a Rule-Based Aggregator Business Model Within a Residential Microgrid

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PROJECT TITLE :

Design Space Exploration for the Profitability of a Rule-Based Aggregator Business Model Within a Residential Microgrid

ABSTRACT:

The microgrid has been shown to be profitable, reliable, and efficient for military, industrial, and university-like installations. But, until currently, there was no study to show how and when a residential microgrid may be profitable. Therefore, during this paper, we have a tendency to gift a design area exploration methodology of the microgrid by modeling all the energy resources at the residential level and conducting numerous simulations with various parameters. Moreover, a set of rules are defined to make the stakeholders in the microgrid profitable. Conjointly, by analyzing the number of houses in the microgrid, we observe that the amount of years it takes to come back the capital prices invested within the microgrid might become adequately short for a sure vary of the amount of houses. For instance, if the aggregator owns the renewable energy resources, e.g., solar panels, it may profit in but five years when 500 homes participate within the microgrid where every house owns 500 sf solar panels. On the opposite hand, if the prosumers own the renewable energy resources, e.g., solar panels, the aggregator might profit in concerning a year. Typically, for an apartment-block type housing space in U.S. there are way more than one thousand houses, so the aggregator profitability may improve furthermore.


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Design Space Exploration for the Profitability of a Rule-Based Aggregator Business Model Within a Residential Microgrid - 4.8 out of 5 based on 83 votes

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