Peer-to-peer and community-based markets: A comprehensive review

Research output: Contribution to journalReview – Annual report year: 2019Researchpeer-review

View graph of relations

The advent of more proactive consumers, the so-called “prosumers” with production and storage capabilities, is empowering the consumers and bringing new opportunities and challenges to the operation of power systems in a market environment. Recently, a novel proposal for the design and operation of electricity markets has emerged: these so-called peer-to-peer (P2P) electricity markets conceptually allow the prosumers to directly share their electrical energy and investment. Such P2P markets rely on a consumer-centric and bottom-up perspective by giving the opportunity to consumers to freely choose the way they buy their electric energy. A community can also be formed by prosumers who want to collaborate, or in terms of operational energy management. This paper contributes with an overview of these new P2P markets that starts with the motivation, challenges, market designs moving to the potential future developments in this field, providing recommendations while considering a test-case.

Original languageEnglish
JournalRenewable and Sustainable Energy Reviews
Volume104
Pages (from-to)367-378
ISSN1364-0321
DOIs
Publication statusPublished - 1 Apr 2019
CitationsWeb of Science® Times Cited: No match on DOI

    Research areas

  • Consumer-centric electricity market, Decentralized and distributed optimization, Energy community, Peer-to-peer energy trading, Prosumers

ID: 171219560