A Local Market Model for Urban Residential Microgrids with Distributed Energy Resources

Widespread adoption of onsite distributed generation providing households with their electricity supply could make them very significant actors in terms of their aggregated impact on the wider electric power system. This paper proposes an approach which brings community engagement to the case of distributed energy resource based electricity supply for urban residential buildings. Considering a future case for Stockholm, a community ownership and service-oriented setup is proposed which fosters the creation of a market for both traditional and new stakeholders in the electric power system while ensuring the integrity of control by individual apartments. Salient features include a hypothetical pricing model which encourages local trade of electricity between apartments guided by individual apartment behavior and decision making through bid strategies. A set of research themes devoted to understanding the trends in effect of changes in the integral concept components have been identified through simulations and subjected to initial analysis.