Abstract
Self-consumption regulations are leading to the emergence of new business models proposed by new players and causing traditional players to make new proposals to take advantage of the new business opportunities. In this context, traditional retailers are assessing self-consumption business models, offering management services for self-consumption structures, or the installation of distributed resources, such as solar panels or batteries. Some of the new business models being proposed by electricity suppliers are related to virtual battery services. Indeed, suppliers can, in the free retail market, create innovative tariffs, and design them to make their customers believe they own and manage a battery, even if it does not correspond to a physical battery in the grid. This paper analyses the business model of a supplier offering a virtual battery service, comparing it to the installation of a physical battery, showing that it has no significant benefits compared to more simple approaches.

Abstract
This research assesses the behaviour of alternative objectives related to maximising the energy self-consumed in renewable energy communities. Three different objective functions are proposed: minimising the grid-supplied energy to the community members, reducing the energy surplus of the community injected into the grid, and maximising the self-consumed energy according to its definition in the Portuguese regulation. Two additional objectives were also considered for comparison purposes, the maximisation of the equivalent CO2 emissions saved and the minimisation of the total community energy cost. The methodology involves formulating and implementing the optimisation problems and discussing the results with a case example, including decreased grid dependency, utilisation of battery storage, and differences in energy trading strategies within the REC. Overall, this research contributes to understanding some alternative objectives that could be considered for the management of the flexible resources of a REC. © The Institution of Engineering & Technology 2024.