VIMSEN — New energy management tool for RES aggregators

The phasing out of Feed-in-Tariff has made domestic prosumers reluctant to invest in Renewable Energy Sources in most part of Europe. The limited availability of excess electrical power from domestic prosumers, 4 – 10 kW, does not give them any bargaining power when dealing with energy suppliers or utilities. This paper describes a tool that is being developed under the umbrella of an EU-funded project - VIMSEN to help small prosumers participate into a decentralized energy market and to help meet the requirement of EU2020 legislation. This tool can be used by energy aggregators to represent groups of individual prosumers that can form the basis of their customer base. It uses a dynamic decision support system that can change the composition of the cluster of prosumers to satisfy an electricity demand requirement over a specific period of time.