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

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

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Peer-to-peer and community-based markets : A comprehensive review. / Sousa, Tiago; Soares, Tiago; Pinson, Pierre; Moret, Fabio; Baroche, Thomas; Sorin, Etienne.

In: Renewable and Sustainable Energy Reviews, Vol. 104, 01.04.2019, p. 367-378.

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

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@article{b62bdbca3abc484cb64c0bdd2f7b8da0,
title = "Peer-to-peer and community-based markets: A comprehensive review",
abstract = "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.",
keywords = "Consumer-centric electricity market, Decentralized and distributed optimization, Energy community, Peer-to-peer energy trading, Prosumers",
author = "Tiago Sousa and Tiago Soares and Pierre Pinson and Fabio Moret and Thomas Baroche and Etienne Sorin",
year = "2019",
month = "4",
day = "1",
doi = "10.1016/j.rser.2019.01.036",
language = "English",
volume = "104",
pages = "367--378",
journal = "Renewable & Sustainable Energy Reviews",
issn = "1364-0321",
publisher = "Pergamon Press",

}

RIS

TY - JOUR

T1 - Peer-to-peer and community-based markets

T2 - A comprehensive review

AU - Sousa, Tiago

AU - Soares, Tiago

AU - Pinson, Pierre

AU - Moret, Fabio

AU - Baroche, Thomas

AU - Sorin, Etienne

PY - 2019/4/1

Y1 - 2019/4/1

N2 - 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.

AB - 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.

KW - Consumer-centric electricity market

KW - Decentralized and distributed optimization

KW - Energy community

KW - Peer-to-peer energy trading

KW - Prosumers

U2 - 10.1016/j.rser.2019.01.036

DO - 10.1016/j.rser.2019.01.036

M3 - Review

VL - 104

SP - 367

EP - 378

JO - Renewable & Sustainable Energy Reviews

JF - Renewable & Sustainable Energy Reviews

SN - 1364-0321

ER -