Collective Asset Sharing Mechanisms for PV and BESS in Renewable Energy Communities

The energy sector transition to more decentralized and renewable structures requires greater participation by local consumers, which may be enabled by innovative models such as the setup of renewable energy communities (RECs). To maximize the self-consumption of local renewable energy generated by assets normally connected to the low voltage distribution grid, these RECs typically involve jointly owned assets such as collective photovoltaic solar panels (CPVs) and collective energy storage systems (CESS). This work proposes a novel mathematical model for a REC, accounting for three distinct economic approaches to the redistribution of collective benefits among community members. The main objective of this study is to understand how the participation of community members in collective assets (CAs) can help increase the fairness and equity of RECs. An illustrative REC case comprising members with individual and collective ownership of the assets is used to assess the proposed economic approaches. Extracting several answers, among them that the most advantageous configuration comes from agents with quotas in the CESS and CPV. An important conclusion is that depending on the selected economic approach, the social welfare and agent’s revenue vary significantly. In any case, CESSs increase equity among REC members.