Modeling the decentralized energy investment and operation in the prosumer era: a systematic review

Modeling the decentralized energy investment and operation in the prosumer era: a systematic review

Wang, N. (TU Delft Energie and Industrie)
Verzijlbergh, R.A. (TU Delft Energie and Industrie)
Heijnen, P.W. (TU Delft Energie and Industrie)
Herder, P.M. (TU Delft ChemE/Chemical Engineering)

ChemE/Chemical Engineering

2020

This paper reviews the literature on the modeling approaches on decentralized energy investment and operation in the prosumer era. The study has several contributions. Firstly, it adds investment models into the review which have not been previously reviewed for decentralized energy modeling. Secondly, a modeling framework consisting of four building blocks is proposed that covers model conceptualization and model operationalization. Thirdly, the relationship between trading mechanisms and model methods is revealed using four evaluation criteria. Furthermore, by reviewing the papers, several trends in the literature are found. Operational models and local markets have been extensively studied, while wholesale market integration and investment models lack scientific attention. Among different trading mechanisms, the usage of bilateral contracts is most commonly seen. Lastly, optimization models significantly outnumber other model methods, and then it follows that their pitfalls such as the scalability of the model and the existence of stable outcomes need to be further addressed in future research.

Investment
Market design
Modeling
Operation
Prosumers
Review

http://resolver.tudelft.nl/uuid:44b6c8b4-3716-4cca-bf4c-9671a86ba266

https://doi.org/10.1109/ISGT-Europe47291.2020.9248838

2021-04-10

9781728171005

Proceedings of 2020 IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020

IEEE PES Innovative Smart Grid Technologies Conference Europe, 2020-October

Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.

Institutional Repository

conference paper

© 2020 N. Wang, R.A. Verzijlbergh, P.W. Heijnen, P.M. Herder