Peer-to-peer energy platforms

Liyang Han, Thomas Morstyn, Malcolm D. McCulloch

    Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

    Abstract

    The fast increase in distributed energy resources (DERs), including renewable sources, flexible loads, and energy storage, has led to new technological and economic challenges and opportunities for power networks. The increasing flexibility and controllability of DERs, coupled with advanced communication technologies, inspired the concept of peer-to-peer (P2P) energy trading or sharing among prosumers, proactive consumers with DERs that actively control their energy behaviors. The successful realization of P2P energy trading has the potential of both financially benefiting prosumers and reducing the grid’s operational burden. However, many technical, regulatory, and social challenges are standing in the way. This chapter explores a range of topics in regard to the P2P energy market, from its background and its structure, to the opportunities and challenges it faces.
    Original languageEnglish
    Title of host publicationLocal Electricity Markets
    PublisherElsevier
    Publication date2021
    Pages91-105
    Chapter6
    ISBN (Print)978-0-12-820074-2
    DOIs
    Publication statusPublished - 2021

    Keywords

    • P2P
    • Energy management
    • Prosumers
    • Game theory
    • Blockchain
    • Microgrid
    • ADMM
    • Energy markets
    • DERs
    • Optimization

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