Strategic Participation of Active Citizen Energy Communities in Spot Electricity Markets Using Hybrid Forecast Methodologies

The increasing penetrations of distributed renewable generation lead to the need for Citizen Energy Communities. Communities may be able active market players and solve local imbalances. liberalization electricity sector brought wholesale retail competition as a natural evolution markets. In competition, retailers communities compete sign bilateral contracts with consumers. producers, can submit bids spot markets, where prices are volatile or contracts, hedge against price volatility. To participate in those have rely on risky consumption forecasts, hours ahead real-time operation. So, Balance Responsible Parties they pay penalties their This paper proposes tests new strategic bidding process markets is composed forced forecast methodology day-ahead short-run trends intraday forecasts consumption. also presents case study energy satisfy members using process. results show that at short-term leads lower errors than long medium-term Better accuracy higher fulfillment community programmed dispatch, resulting imbalances control reserve needs power system balance. Furthermore, by being players, save around 35% electrical costs when comparing tariffs.