Abstract
An energy community is defined as a group of individually metered electricity customers with generation, storage, and load assets, who may virtually exchange electricity within the group. This definition captures virtual net metering, virtual storage, and peer-to-peer trading. We show that such an energy community may both reduce the retail payments, through the arbitrage of retail price differences across customers, and improve the efficiency of dispatch of generation and load within the community. The creation of an energy community exacerbates the impact of inefficient retail tariffs, and prevents pricing of local network congestion. Tariff reform is a prerequisite for energy communities.
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