Risk Trading in Energy Communities

Local energy communities are proposed as a regulatory framework to enable the market participation of end-consumers. However, volatile local market-clearing prices, and consequently, cost give rise participants with generally heterogeneous risk attitudes. To prevent increased operational due conservative trading decisions in forward stage, e.g., day-ahead market, we propose via financial hedging products, so-called Arrow-Debreu securities. The conditional value-at-risk serves our measure for players study different degrees completeness risk. We define risk-averse Nash game solve equilibrium problem an incomplete mixed complementarity problem. show that such reduces single optimization if is complete Numerical findings indicate significant community saving can be realized when engage sufficient products available. Moreover, efficiently protects less from highly decision-making rival players.