Algorithmic Trading: Consistent Profit Strategies For Colombian Traders – In 2021, the Transactive Energy Colombia Initiative (TECI) and Grid Singularity partnered to introduce peer-to-peer (P2P) energy trading to Medell.
The pilot program, which was previously implemented through community trade, with different net charges, NEU, a local aggregator, links fresh consumption and creation data from Medell.
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Navigate to Grid Singularity Exchange through interoperable APIs. and simulate different situations We found that even under the net metered net pricing model in Colombia, P2P trading can reduce energy costs by up to 7% and improve self-sufficiency and self-consumption values by 18.2% and 51.6% respectively, thereby reducing the payback time for solar module investments for Housing (PV) for many low-income earners Although the use of demand-side mechanisms reduces the participants’ electricity bills, But the high investment cost of residential batteries makes them financially unprofitable for low-income consumers. These results should encourage Colombian regulators to allow P2P trading, improving energy and supplier taxation choices. and increasing access to affordable renewable energy assets for low-income households. To accelerate local energy market adoption and individual participation in the energy transition.
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Local energy markets fuel the energy transition by harnessing distributed energy sources with the backing of digital technology. To stimulate and empower each household and local community. This paper presents the results of a pioneering peer-to-peer energy trading experiment in Medellin. Colombia It is being implemented by EIA University’s Transactive Energy Colombia Initiative (TECI), Grid Singularity, an open source energy exchange developer, and a digital retailer in the NEU area. peer to peer but in reality This trial is limited by regulations for community commercial projects with different net charges. in this cooperation We have assessed the impact of real peer-to-peer trading using live consumption data and building it to be able to trade directly in a virtual environment. (Grid Singularity canary test network) to demonstrate the benefits if further regulatory reforms are permitted. Individual direct participation in the energy market
Latin America is one of the most promising regions moving towards a sustainable renewable energy transition. Considering that a significant proportion of energy comes from renewable energy. In particular, hydropower, which in 2019 accounted for more than 40% of total production in the region. Colombia is the fourth largest economy in the Latam region after Brazil, Mexico and Argentina. And after the shy trend of using renewable energy that does not conform to conventional patterns. It is starting to become one of the most dynamic energy markets. Seven-fold increase in wind and solar power generation from 28.2 MW of installed capacity in 2018 to 224.47 MW in 2021 and is expected to reach 2,500 MW by 2022 . This dramatic increase in the use of renewable energy started in 2014, when The Colombian Parliament enacted Law 1715 to encourage investment and integration of unconventional renewable energy sources through tax incentives and benefits. This legislation led to the creation of specific regulations issued by the Colombian Energy Regulatory Authority in 2015, allowing large-scale self-generation . In 2016, relevant tax benefits were established, and in 2018. Self-generating activities and small release releases are controlled with the net metering project. This allows for small-scale energy consumers to be present in Colombia’s energy sector .
It also provides relevant public policy tools to guide the modernization of the energy sector. especially The Colombian government’s mission in energy transformation intends to “Modernizing the institutional and regulatory framework of the Colombian energy sector. Facilitate the integration of new agents, technologies and transaction schemes. In the energy market”  In 2019, the first successful large-scale renewable energy auction was held. It is expected to add approximately 2,250 MW of wind and solar power by 2025. In addition, in 2021, the government enacted the 2099 Energy Transition Act, which is intended to strengthen the policies adopted by the 2099 law. 1715 2014 by increasing incentives for renewable energy And it includes technologies like blue and green hydrogen. and geothermal heat generation More renewable energy auctions announced
IRENA defines P2P (peer-to-peer) electricity trading as a business model on an interconnected platform. It acts as an online marketplace where consumers and producers “meet” to buy electricity directly. without the need for an intermediary It enables participants to trade surplus energy with other participants in the community. The model gives participants access to locally produced and cleaner energy. which is usually at a reasonable rate 
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Energy Trade Pilot Project in Medellin This, part of the Transactive Energy Colombia Initiative, is an innovative experiment designed to test the application of a user-centred model. based on distributed energy sources and the digital transformation of the electric sector. It consists of a virtual microgrid with 13 participants connected by smart meters via a virtual trading app developed by NEU. The app helps participants track their consumption, generation and how excess energy is allocated. with other participants in the virtual market as specified P2P energy trading is not legally allowed in Colombia. Trading between project participants is therefore not peer-to-peer. Participants sell surplus energy to NEU, an energy retailer. This manages the distribution of these excess energy into the net billing system. Diversity of market participants in terms of availability, size and location of energy assets. Helps to produce and use solar energy within the community efficiently.
The market operates in a manner that complies with regulations. Residents are required to pay a fixed monthly tariff imposed by the energy regulator. Tariffs include costs of production, transmission, distribution, trade, losses, and limitations. In addition, the cross-subsidy scheme adjusts the tax rates according to Colombia’s socio-economic stratification system. wealth from one Consumers living in the fifth and sixth tiers are taxed to pay an additional 20% of the contribution bill. Donations will become consumer subsidies for levels one to three. Current regulatory and welfare mechanisms do not allow these tax rates to be amended.
In 2018, Colombian regulators introduced a net metering mechanism for retail consumers. by setting rules, limits and pricing plans If the consumer’s excess energy is less than the consumption from the grid each month The network will pay back the excess at the full price of the standard tax minus the retailer difference. on the contrary When users export more than they import Schedules are paid based on the hourly spot price. plus losses and limitations This is significantly lower than the normal tariff . This means that residential photovoltaic (PV) systems are designed to provide power below household consumption. Because it is more profitable to do so.
A virtual twin of the Medellín energy community was created in the Grid Singularity Exchange to simulate and study the impact of a real peer-to-peer market (Medellín Local Energy Market). The simulation was configured based on historical energy data and rates. A simplified version of the relevant energy taxes Figure 1 outlines Medellín’s local energy market in the Grid Singularity interface.
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Energy data: Historical data on consumption and production from May 2, 2021, to May 9, 2021 were used to simulate various scenarios. Creating a community center specifically for this week
Applicable Energy Tax Rates: Because Colombia’s energy tax structure for small residential power users is complex and includes variables such as ownership, electrical connections and energy meters. and socio-economic class A simplified energy tax was thus used in the pilot modeling. especially We used a single constant for the grid selling price (16.1ct USD/kWh) and the grid purchase price (14.7ct USD/kWh), which resulted in a small gain of 1.4ct USD/kWh, in line with the net metering allowed. project
A key consideration for less wealthy countries is access to distributed energy sources. for the majority of the Colombian population DER upfront investment costs are still very high. Even after considering financial aid options. This raises questions about the fairness and justice of implementing the energy transition.
In the Medellín DER pilot project, being installed in a low-income neighborhood by TECI, these solar panels are likely to be the first decentralized renewable technology ever installed in a socioeconomic household in the city. In this context, and as part of our collaboration with Grid Singularity, we have begun an analysis of how enabling local energy markets might affect the financial viability of energy assets for pilot participants. Three financial indicators are used in these calculations: net present value (NPV), internal rate of return (IRR), and payback period. This is the time it takes for energy assets to be invested by consumers, LI and communities in the middle to reach break-even.
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Financial metrics are calculated using the project’s initial asset cost. This totals $2,816 for low-income consumers and $12,808 for community centers. The calculation assumptions are as follows. no credit consideration This assumes that all consumers are self-financing or have benefactors interested in financing socially oriented power purchase agreements (PPAs). Cheap government loans, etc. Other assumptions used Input
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